WELLINGTON, Oct 20 (Reuters) - The New Zealand dollar was steady on Monday, consolidating within recent ranges ahead of this week's inflation data and central bank rate review.
* NZ dollar opens around $0.6140/50 after retreating from $0.62 level as the U.S. dollar gained on a safe haven bid amid continuing concerns about the global financial system.
* Kiwi stays firm against the yen and euro <NZDEUR=R> but loses ground against the Aussie.
* Kiwi expected to maintain its broad $0.60-$0.62 range, moving in line with the fortunes of stock markets.
* All attention on Thursday's Reserve Bank of New Zealand rate review. Reuters poll puts 50 percent chance of a 100 basis point cut to 6.5 percent, which financial markets have priced in. Close attention to be paid to the extent and speed of the central bank's easing.
* Other NZ data this week includes Q3 consumer price index on Tuesday, with expectations that annual inflation will hit an 18 year high of 5.1 percent.
* New Zealand bonds open up to four basis points weaker as U.S. Treasuries fall as last week's trade unwound and safe haven bid recedes.
* NZ two-year swap rate at 6.34/37 percent compared with Friday's 6.29 percent. -------------Oct 20 snapshot at 9.00 a.m. (2000 GMT)------------
(figures in brackets from Oct 17)
90-DAY BILLS (DEC) 93.61 (PREV 93.66) 90
DAYS 7.14 (PREV 7.14)
90
DAY BILLS (MAR) 93.95 (PREV 93.95) 07/09 5.54 (PREV 5.50)
90
DAY BILLS (JUN) 93.97 (PREV 94.01) 11/11 5.64 (PREV 5.60) NZD TRADE WEIGHTED 60.88 (PREV 61.15) 04/13 5.76 (PREV 5.73) NZD/USD 0.6150/60 (PREV 0.6175/81) 12/17 5.93 (PREV 5.90) NZD/AUD 0.8817/35 (PREV 0.8936/51) RBNZ MCI+ 336 (PREV+ 360) NZD/EUR 0.4583/91 (PREV 0.4581/87) US 10-YR 3.94 (PREV 3.95) NZD/JPY 62.45/57 (PREV 62.78/87) AU 10-YR 5.35 (PREV 5.33) ***SPREADS: NZ/US 10-YR +199 (+194) NZ/AUS 10-YR +58 (+57)*** . ng COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
* NZ dollar opens around $0.6140/50 after retreating from $0.62 level as the U.S. dollar gained on a safe haven bid amid continuing concerns about the global financial system.
* Kiwi stays firm against the yen and euro <NZDEUR=R> but loses ground against the Aussie.
* Kiwi expected to maintain its broad $0.60-$0.62 range, moving in line with the fortunes of stock markets.
* All attention on Thursday's Reserve Bank of New Zealand rate review. Reuters poll puts 50 percent chance of a 100 basis point cut to 6.5 percent, which financial markets have priced in. Close attention to be paid to the extent and speed of the central bank's easing.
* Other NZ data this week includes Q3 consumer price index on Tuesday, with expectations that annual inflation will hit an 18 year high of 5.1 percent.
* New Zealand bonds open up to four basis points weaker as U.S. Treasuries fall as last week's trade unwound and safe haven bid recedes.
* NZ two-year swap rate at 6.34/37 percent compared with Friday's 6.29 percent. -------------Oct 20 snapshot at 9.00 a.m. (2000 GMT)------------
(figures in brackets from Oct 17)
90-DAY BILLS (DEC) 93.61 (PREV 93.66) 90
DAYS 7.14 (PREV 7.14)
90
DAY BILLS (MAR) 93.95 (PREV 93.95) 07/09 5.54 (PREV 5.50)
90
DAY BILLS (JUN) 93.97 (PREV 94.01) 11/11 5.64 (PREV 5.60) NZD TRADE WEIGHTED 60.88 (PREV 61.15) 04/13 5.76 (PREV 5.73) NZD/USD 0.6150/60 (PREV 0.6175/81) 12/17 5.93 (PREV 5.90) NZD/AUD 0.8817/35 (PREV 0.8936/51) RBNZ MCI+ 336 (PREV+ 360) NZD/EUR 0.4583/91 (PREV 0.4581/87) US 10-YR 3.94 (PREV 3.95) NZD/JPY 62.45/57 (PREV 62.78/87) AU 10-YR 5.35 (PREV 5.33) ***SPREADS: NZ/US 10-YR +199 (+194) NZ/AUS 10-YR +58 (+57)*** . ng COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.