Jason Wong

Currencies range-bound, UST yields slightly up

11 Jul 18, 7:50am

NZDUSD remains stuck near 0.6840, near where it closed last week; US 10-year Treasuries have traded in a narrow 1.5bp range and currently sit 1bp higher at 2.87%; GBP has remained range-bound
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Risk appetite recovers

10 Jul 18, 7:51am

Jason Wong

AUD has modestly outperformed, while trading in GBP has been whippy, driven by political forces; US Treasury yields higher; NZD has been out of the spotlight and traded a narrow range
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USD on back foot, US rates fall

9 Jul 18, 7:38am

Jason Wong

NZD rises on improved risk appetite, but remains vulnerable to trade tiff fallout. UK decides to keep EU regulation on industry and ag. NZ swaps higher across the curve
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NZD slightly higher, local rates stable

6 Jul 18, 8:02am

Jason Wong

Key equity markets are higher; NZD pushed up towards the 0.68 mark overnight where it met some resistance; AUD is flat to slightly lower; US 10-year treasury rates have traded in a 2.82-2.86% range and are flat versus the level at the NZ close
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NZD consolidates

5 Jul 18, 8:00am

Jason Wong

The fortunes of the NZD remained linked to CNY, with a further recovery to as high as 0.6783 after the reported CNY fix; EUR recovered from a low of 1.1630 and currently sits at 1.665; trade wars continue
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NZD recovers, local rates lower

4 Jul 18, 8:00am

Jason Wong

NZD has recovered, helped by a verbal intervention by the PBoC to help support the yuan; US equities and bond yields have moved lower; USD is broadly weaker across the board
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Risk appetite falls

3 Jul 18, 8:18am

Jason Wong

NZD and AUD dive to fresh lows; despite the negative risk tone, global bond yields remain steady; USD has been the strongest of the majors
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Risk rising

2 Jul 18, 7:54am

Jason Wong

1 comment

Markets ignore US inflation rise. NZ wholesale rates continue downward bias. US-initiated trade tensions rise so risk remains elevated
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NZD recovers slightly

2 Jul 18, 7:52am

Jason Wong

USD was broadly weak on Friday; this saw the NZD recover a little from a fresh 2-year low; EUR rose from around 1.1570 to end the week more than a cent higher at 1.1685; CAD was the strongest of the majors in Friday night trading
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NZD losses pile up

29 Jun 18, 7:51am

Jason Wong

3 comments

Kiwi currency at fresh two-year low after dovish OCR review. Meanwhile, the EUR is keeping pace with teh USD. But Fed member now hearing "full-throated angst" about prospects for the US economy
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Risk appetite is weaker

28 Jun 18, 8:06am

Jason Wong

NZD has been one of the worst performers; local rates curve saw a slight steepening bias; US equities slightly lower and UST10s down 5bps; WTI oil prices rose over 3%
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NZD lower, rates stable

27 Jun 18, 8:07am

Jason Wong

Against a backdrop of a broadly stronger USD, the NZD has underperformed, while rates markets have barely moved; higher oil prices seem to have offered some support to CAD and AUD; US 10-year rate in a tight range and steady at 2.88%
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Escalating US-China trade tensions

26 Jun 18, 7:57am

Jason Wong

Global equity markets have been rattled by focus on escalating US-China trade tensions; commodity currencies have underperformed but movements have been modest; safe-havens have outperformed; bond market reaction to the trade news has been well contained
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NZD up, rates stable

25 Jun 18, 8:01am

Jason Wong

NZD and AUD ended the week on a positive note; USD struggled to perform against the majors; rates were little changed for the day; PBoC cut the reserve ratio requirement for large commercial banks; focus will remain on the US-China trade war
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NZD underperforms, rates higher

21 Jun 18, 8:08am

Doug Steel

Fed's Powell says case for continued gradual increases in the federal funds rate is strong; USD DXY index up marginally on day; UST 10 yr yields pushed higher; NZD sits at the bottom of the G10 currency leaderboard; local rates were marginally higher
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USD stronger, global rates lower

15 Jun 18, 8:01am

Jason Wong

USD is stronger across the board while the EUR has been hit by a dovish ECB; global rates faced downward pressure; NZD has performed better than most but the USD strength sees it down to around 0.6980
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It's official: US rates are going up

14 Jun 18, 7:43am

Jason Wong

Fed's Powell suggests every meeting 'live' for a change higher. US PPI higher than expected. US preparing new tariffs on China's goods. Eyes on ECB decision
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Market volatility remains subdued

13 Jun 18, 7:48am

Jason Wong

NZD and AUD have slightly underperformed in overnight trading; USD is better bid in overnight trading with various dollar indices up around 0.3%; UST 10-year rates have traded in a 2.94-2.98% range and currently sit at 2.96%, up 1bp from the NZ close
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Markets are in a wait-and-see mode

12 Jun 18, 8:02am

Jason Wong

NZD sits this morning around 0.7020, down ever so slightly from the 0.7030 level it was anchored around for much of last week; EUR has generally had a positive session; US Treasury rates are higher, with a slight flattening bias
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NZD very stable in a messy policy world

11 Jun 18, 7:50am

Jason Wong

Markets ignore Trump trade tensions. Brazil recovers. Canada wage data strong, bolstering rate hike expectations. Eyes on US CPI, Fed, ECB, BofJ
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