Currencies
Barry Eichengreen thinks the argument that stablecoins will preserve the US dollar dominance rests on a slew of shaky assumptions and leaves key questions unanswered
21st Oct 25, 2:20pm
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Barry Eichengreen thinks the argument that stablecoins will preserve the US dollar dominance rests on a slew of shaky assumptions and leaves key questions unanswered
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
21st Oct 25, 7:50am
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
Roger J Kerr says global currency markets continue to “fly blind” due to the absence of up-to-date US economic data
20th Oct 25, 8:12am
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Roger J Kerr says global currency markets continue to “fly blind” due to the absence of up-to-date US economic data
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
20th Oct 25, 7:29am
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
17th Oct 25, 7:49am
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
16th Oct 25, 7:55am
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment
15th Oct 25, 7:49am
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment
Risk assets bounce back after some dialling down on US-China trade war rhetoric by Trump, and followed through by Bessent. US equities recover more than half of Friday's loss
14th Oct 25, 7:52am
Risk assets bounce back after some dialling down on US-China trade war rhetoric by Trump, and followed through by Bessent. US equities recover more than half of Friday's loss
Roger J Kerr says it's no wonder that economists and market analysts are reverting to high-frequency alternative measures of economic activity
13th Oct 25, 8:20am
Roger J Kerr says it's no wonder that economists and market analysts are reverting to high-frequency alternative measures of economic activity
Trump reacts to China's extension of rare earth export controls with fury; threatens massive lift in Chinese import tariffs. US equities tumble. Safe-haven currencies outperform, including JPY despite further political instability
13th Oct 25, 7:22am
Trump reacts to China's extension of rare earth export controls with fury; threatens massive lift in Chinese import tariffs. US equities tumble. Safe-haven currencies outperform, including JPY despite further political instability
Update advisory: we explain why we are changing the way we track our currency's movements based on trade-weights. Our own TWI-5 is a different measure to the RBNZ's TWI-17. Both are approximations
10th Oct 25, 3:55pm
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Update advisory: we explain why we are changing the way we track our currency's movements based on trade-weights. Our own TWI-5 is a different measure to the RBNZ's TWI-17. Both are approximations
US and European equities are weaker overnight and global rates modestly higher. USD broadly stronger and NZD/USD falls. Comments by Takaichi only provide temporary relief for the yen
10th Oct 25, 7:48am
US and European equities are weaker overnight and global rates modestly higher. USD broadly stronger and NZD/USD falls. Comments by Takaichi only provide temporary relief for the yen
US equities have recovered after their one-day dip, with investors disregarding warnings of a developing AI bubble. The NZD recovers a lot of its loss after the RBNZ’s dovish 50bps cut. OIS market prices in a full 25bps cut for November
9th Oct 25, 7:50am
US equities have recovered after their one-day dip, with investors disregarding warnings of a developing AI bubble. The NZD recovers a lot of its loss after the RBNZ’s dovish 50bps cut. OIS market prices in a full 25bps cut for November
US equities break winning streak to be modestly weaker. Weaker risk sentiment supports US Treasuries. All eyes on the RBNZ policy update today, with the meeting seen as a close call between a 25 or 50bps rate cut
8th Oct 25, 7:56am
US equities break winning streak to be modestly weaker. Weaker risk sentiment supports US Treasuries. All eyes on the RBNZ policy update today, with the meeting seen as a close call between a 25 or 50bps rate cut
New Japan LDP leader shocks the market - Japanese equities surge nearly 5%, JGB curve sharply steepens, and yen tumbles. NZD/JPY up 2%. French assets underperform and this weighs on euro
7th Oct 25, 7:46am
New Japan LDP leader shocks the market - Japanese equities surge nearly 5%, JGB curve sharply steepens, and yen tumbles. NZD/JPY up 2%. French assets underperform and this weighs on euro