Jason Wong
UST 10-year yield up 4bps from the weekend close to 2.70% and poking its head above 2.725%; USD is on a higher trajectory, rising against all the majors; NZD is weaker, closing in on 0.7300
30th Jan 18, 8:06am
UST 10-year yield up 4bps from the weekend close to 2.70% and poking its head above 2.725%; USD is on a higher trajectory, rising against all the majors; NZD is weaker, closing in on 0.7300
Bond yields rise, German bunds +2 bps, USTs +4 bps. But breakout elusive. Eyes on US payrolls
29th Jan 18, 8:21am
Bond yields rise, German bunds +2 bps, USTs +4 bps. But breakout elusive. Eyes on US payrolls
Trump 'corrects' Mnuchin on USD, BofJ says inflation farget close, Aussie dollar on the rise, currency market ignore weak NZ CPI
29th Jan 18, 8:16am
Trump 'corrects' Mnuchin on USD, BofJ says inflation farget close, Aussie dollar on the rise, currency market ignore weak NZ CPI
UST yields rise on shutdown risk. But stronger US growth and inflation will encourage Fed tightening. NZ PMI will test business confidence assessments
19th Jan 18, 8:43am
UST yields rise on shutdown risk. But stronger US growth and inflation will encourage Fed tightening. NZ PMI will test business confidence assessments
US funding shenanigans weigh on greenback. Apple to make massive repatriation. Other US data mixed. China data positive. NZD holds its own
19th Jan 18, 8:34am
US funding shenanigans weigh on greenback. Apple to make massive repatriation. Other US data mixed. China data positive. NZD holds its own
NZD is trading just above the 0.7300 USD mark this morning; USD movements driven by possibility of government shutdown; US 10-year rates have been trading between 2.54-2.57% since the NZ close; local rates stable
18th Jan 18, 7:46am
NZD is trading just above the 0.7300 USD mark this morning; USD movements driven by possibility of government shutdown; US 10-year rates have been trading between 2.54-2.57% since the NZ close; local rates stable
Selling pressure in the USD has taken a breather, with the key USD indices drifting higher; NZD has drifted lower since this time yesterday, from just above 0.7300 USD to as low as 0.7259 early this morning
17th Jan 18, 8:31am
Selling pressure in the USD has taken a breather, with the key USD indices drifting higher; NZD has drifted lower since this time yesterday, from just above 0.7300 USD to as low as 0.7259 early this morning
NZD has outperformed as the new week begins, with the overnight high of 0.7315 reached around sunrise; NZDAUD has tracked sideways; “Sell USD against anything” seems to be the current mantra early in 2018; 2 yr local swap rates up 1 bp and 10 yr up 3 bps
16th Jan 18, 8:07am
NZD has outperformed as the new week begins, with the overnight high of 0.7315 reached around sunrise; NZDAUD has tracked sideways; “Sell USD against anything” seems to be the current mantra early in 2018; 2 yr local swap rates up 1 bp and 10 yr up 3 bps
EUR gets boost from Merkel coalition, US data surprises on the upside, but USD fails to capitalise on fiscal, trade headwinds. NZD fatigued after strong run
15th Jan 18, 7:48am
EUR gets boost from Merkel coalition, US data surprises on the upside, but USD fails to capitalise on fiscal, trade headwinds. NZD fatigued after strong run
Commodity currencies get a boost as the world's largest economies release generally positive data and the US is bolstered by tax cut euphoria
8th Jan 18, 8:12am
Commodity currencies get a boost as the world's largest economies release generally positive data and the US is bolstered by tax cut euphoria
USD, helped by strong housing data, is up against most currencies; UST 10yr yield is up 6 bps to 2.46%, its highest level in 2 months; NZD remains stuck around 0.7000, having traded a tight 0.6980 to 0.7020 range overnight
20th Dec 17, 7:50am
USD, helped by strong housing data, is up against most currencies; UST 10yr yield is up 6 bps to 2.46%, its highest level in 2 months; NZD remains stuck around 0.7000, having traded a tight 0.6980 to 0.7020 range overnight
USD is weaker against all the major currencies, but remains within recent ranges; NZD remains around 0.7000 USD; US yields edged a little higher, in sympathy with the move in stocks
19th Dec 17, 8:06am
USD is weaker against all the major currencies, but remains within recent ranges; NZD remains around 0.7000 USD; US yields edged a little higher, in sympathy with the move in stocks
USD strengthened across the board as the markets priced in a greater likelihood of the tax bill passing; US yield curve resumed its flattening trend; USD strength saw the NZD drift back below 0.70; GBP was one of the worst performing currencies
18th Dec 17, 8:14am
USD strengthened across the board as the markets priced in a greater likelihood of the tax bill passing; US yield curve resumed its flattening trend; USD strength saw the NZD drift back below 0.70; GBP was one of the worst performing currencies
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
15th Dec 17, 7:58am
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
14th Dec 17, 7:44am
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
13th Dec 17, 7:53am
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
12th Dec 17, 8:06am
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
11th Dec 17, 8:03am
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
8th Dec 17, 7:55am
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
US yield curve flattest in 10 years, distorted by QE durations. Soft AU GDP pushes back next RBA rise. Eyes now on US non-farm payrolls report
7th Dec 17, 7:56am
2
US yield curve flattest in 10 years, distorted by QE durations. Soft AU GDP pushes back next RBA rise. Eyes now on US non-farm payrolls report
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
7th Dec 17, 7:43am
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
Markets expect US Fed hike, but long rates slip causing a yield curve flattening. NZ rates rise and steepen. Eyes on AU GDP and US jobs data
6th Dec 17, 8:20am
Markets expect US Fed hike, but long rates slip causing a yield curve flattening. NZ rates rise and steepen. Eyes on AU GDP and US jobs data
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
6th Dec 17, 8:09am
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
UST 10yr yield opened higher and traded a tight range since, up 3 bps to 2.39%; European rates are also higher; in the local rates market, downward pressure remained evident for money market rates
5th Dec 17, 8:13am
UST 10yr yield opened higher and traded a tight range since, up 3 bps to 2.39%; European rates are also higher; in the local rates market, downward pressure remained evident for money market rates
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session
5th Dec 17, 8:07am
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session