Jason Wong

12 Jan 19, 8:47am

BNZ now sees a strengthening NZD in 2019 as our terms of trade turn more positive and recent data suggests a recovery is underway. But a biting trade war could unstitch this view
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Risk appetite recovers boosting the NZD

10 Jan 19, 8:59am

Jason Wong

Increased optimism of a China:US trade deal. More Fed speakers signal 'patience'. Greenback weakens as oil prices rise +4%. Bond traders see Fed on hold for an extended period
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Bond markets volatile, currency markets well behaved

9 Jan 19, 8:52am

Jason Wong

BNZ's Jason Wong reviews the market moves since Christmas, putting the illiquid trading and other bumpy events in perspective, to show how we got here from there
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Risk-off mood has prevails

7 Sep 18, 7:54am

Jason Wong

1 comment

NZD sits around 0.66 and UST rates are lower, with comments by the Fed’s vice chair Williams interpreted as dovish; market movements have been modest, as we await a possible announcement by President Trump of further tariffs
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Stronger NZD in dubious company

6 Sep 18, 8:28am

Jason Wong

1 comment

In the shadow of Canadian, Brexit, and NAFTA news, the Kiwi dollar has turned up. Italian bonds benefit from 'confidence' policy statements from their new government
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Stronger USD realigns markets

5 Sep 18, 8:12am

Jason Wong

USD rises push the NZD and AUD to multi-year lows. Italy recommits to its EU membership. Eyes now on AU GDP, Canada rate review and NAFTA progress
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NZD and local rates lower

4 Sep 18, 7:58am

Jason Wong

NZD is hovering around the 0.66 mark while GBP is the weakest of the majors; Sweden’s krona takes top honours, up 0.8%; AUD has outperformed; NZ rates market showed further downward pressure
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Trade deals dominated Friday trading

3 Sep 18, 8:08am

Jason Wong

Safe-haven currencies and the USD outperform, while the AUD hit a fresh low; US equities and the 10-year Treasury rate were little changed; NZD was also on the soft side, NZD/AUD broke up through 0.92 for the first time since the beginning of August
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Mild risk-off tone

31 Aug 18, 7:51am

Jason Wong

1 comment

NZD is the weakest of the majors, with AUD and CAD underperforming as well; ANZ business outlook survey showed confidence lurching down to a fresh low; global yields are lower
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Kiwi dollar now below its long-term fair value

28 Aug 18, 5:02pm

Jason Wong

2 comments

BNZ's Jason Wong shows that on a long-term fair value basis using purchasing power parities, the NZD is under valued compared to the USD & may stay that way for some time
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USD stronger, UST rates stable

24 Aug 18, 8:07am

Jason Wong

USD is broadly stronger, recovering some of its losses seen earlier this week; NZD slipped around 30pips to 0.6670; AUD is the weakest of the majors, with political risk overhanging the currency; UST yields are little changed
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Trading conditions have been light

23 Aug 18, 7:43am

Jason Wong

The NZD has spent the last 24 hours hovering around 0.6700, while US equities and bond markets show little movement; USD is down just 0.1% for the day; NZDAUD shifted up to a higher plane after the retail sales data
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Risk appetite stronger

22 Aug 18, 7:57am

Jason Wong

NZD is touching 0.67 amidst a weaker USD backdrop; global rates have drifted higher; AUD rose up through 0.7380 but has slightly underperformed the NZD; GBP and EUR up about 1%
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USD and UST rates drift lower

21 Aug 18, 7:59am

Jason Wong

GBP is near the top of the leaderboard; NZD was in a drift-down mode for much of Monday but ended the day flat at 0.6630 on USD weakness; UST yields have drifted lower and the curve shows a slight flattening bias
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Commodity currencies outperform, rates stable

20 Aug 18, 8:14am

Jason Wong

USD was the weakest of the majors; US 10-year rate traded in a 3bp range; NZD closed the week on a strong note; CAD’s performance was supported by Canada CPI inflation
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Risk-off tone develops

10 Aug 18, 8:09am

Jason Wong

NZD is in good company at the bottom of the leaderboard; Yen, Swiss franc and USD have outperformed; Global rates have nudged lower while NZ swap rates reached 2-year lows yesterday
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Market volatility remains suppressed

9 Aug 18, 7:50am

Jason Wong

There has been some mild outperformance of commodity currencies and the yen; GBP remains unloved; US equities are flat and the global rates market shows little change
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Risk appetite higher

8 Aug 18, 8:07am

Jason Wong

Chinese yuan dragged the AUD higher but the NZD has been left behind and is flat; S&P500 approaching a fresh high and global bond yields are slightly higher; market volatility remains suppressed
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NZD tightly range-bound, US 10-yr rates down slightly

7 Aug 18, 7:54am

Jason Wong

The drift lower in the NZD has been against a backdrop of a broadly based, albeit modest, gain in the USD; GBP remains under pressure; UST 10-yr rate is down slightly to 2.93%
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Currency movements modest, US rates slightly lower

6 Aug 18, 8:06am

Jason Wong

CNY weakened to its lowest level in nearly 15 months, with USD/CNY up through 6.89; PBoC raised the reserve requirement on FX forwards trading to 20%; the move supported the NZD and AUD, particularly the latter
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