Jason Wong
NZDUSD traded a tight 30 point range and currently sits at 0.6970, NZDAUD up 0.4% to 0.9240; USD recovers some losses from the FOMC minutes which stated that the Fed may look to reduce the size of its balance sheet as securities mature later in the year
7th Apr 17, 8:11am
NZDUSD traded a tight 30 point range and currently sits at 0.6970, NZDAUD up 0.4% to 0.9240; USD recovers some losses from the FOMC minutes which stated that the Fed may look to reduce the size of its balance sheet as securities mature later in the year
USD rallied on strong payroll data but lost most of the gains after the release of FOMC minutes, this trend was reflected in the NZDUSD; AUD support by higher base metal prices has seen the NZD fall below the 0.92 AUD level
6th Apr 17, 8:11am
USD rallied on strong payroll data but lost most of the gains after the release of FOMC minutes, this trend was reflected in the NZDUSD; AUD support by higher base metal prices has seen the NZD fall below the 0.92 AUD level
Fed minutes take gloss off of good US jobs report. Germans want ECB to take foot off pedal 'slightly'. LGFA bond tender impresses markets
6th Apr 17, 8:09am
Fed minutes take gloss off of good US jobs report. Germans want ECB to take foot off pedal 'slightly'. LGFA bond tender impresses markets
Sharp fall in local wholesale rates may turn around today after US moves today sees higher yields. Focus now on Xi-Trump meeting, and US jobs reports
5th Apr 17, 7:55am
Sharp fall in local wholesale rates may turn around today after US moves today sees higher yields. Focus now on Xi-Trump meeting, and US jobs reports
NZDUSD trading at 0.6970, below the 0.70 level it was holding for the last few days, despite good QSBO and GDT numbers; AUD worst performer of the day, with NZDAUD trading at 0.9225
5th Apr 17, 7:54am
NZDUSD trading at 0.6970, below the 0.70 level it was holding for the last few days, despite good QSBO and GDT numbers; AUD worst performer of the day, with NZDAUD trading at 0.9225
NZD strongest amongst the underperforming commodity currencies, trading at the 0.70 USD level and above the 0.92 level against the AUD; US yields lower, with the curve flattening, local rates followed at the long end of the market
4th Apr 17, 8:00am
NZD strongest amongst the underperforming commodity currencies, trading at the 0.70 USD level and above the 0.92 level against the AUD; US yields lower, with the curve flattening, local rates followed at the long end of the market
NZD closed the week just above 0.70 USD after testing the 0.6975 area on Friday, outperformed the AUD to end the week at 0.9185; local rates range bound, 2-yr swap flat, 10-yr up 1.5 bps
3rd Apr 17, 8:22am
NZD closed the week just above 0.70 USD after testing the 0.6975 area on Friday, outperformed the AUD to end the week at 0.9185; local rates range bound, 2-yr swap flat, 10-yr up 1.5 bps
Local rates follow the US. Markets expect no OCR change in 2017, but investors watching CPI signals
31st Mar 17, 8:16am
Local rates follow the US. Markets expect no OCR change in 2017, but investors watching CPI signals
NZD holds the 0.70 level against the mildly higher USD and is slightly lower against the AUD at the 0.9150 level; EUR under pressure as investors lose confidence in ECB changing accommodative policy, down from 1.09 USD to 1.07 USD in three days
31st Mar 17, 7:59am
NZD holds the 0.70 level against the mildly higher USD and is slightly lower against the AUD at the 0.9150 level; EUR under pressure as investors lose confidence in ECB changing accommodative policy, down from 1.09 USD to 1.07 USD in three days
NZDUSD dipped below 0.7000 but recovered to end the week up 10 points at 0.7030; local swap rates unchanged, up 1 bps across the curve; Trump withdrew health bill to repeal Obamacare, market movements to the news were modest
27th Mar 17, 8:05am
NZDUSD dipped below 0.7000 but recovered to end the week up 10 points at 0.7030; local swap rates unchanged, up 1 bps across the curve; Trump withdrew health bill to repeal Obamacare, market movements to the news were modest
NZDUSD continued to trade in a tight range, 0.7025 - 0.7055, currently at 0.7040; NZDAUD up to 0.9220; local rate curve flattens; US markets await vote on Trump's health bill
24th Mar 17, 7:57am
NZDUSD continued to trade in a tight range, 0.7025 - 0.7055, currently at 0.7040; NZDAUD up to 0.9220; local rate curve flattens; US markets await vote on Trump's health bill
Markets starting to doubt Fed can raise rates if Trump stumbles. Markets also increasing doubts the RBNZ can raise its rate anytime this year
23rd Mar 17, 8:14am
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Markets starting to doubt Fed can raise rates if Trump stumbles. Markets also increasing doubts the RBNZ can raise its rate anytime this year
NZD trading at the top of yesterday's range, 0.7020 - 0.7070, prior to OCR review; AUD slips below 0.7700 USD on soft commodity prices, NZDAUD above 0.9200
23rd Mar 17, 8:01am
NZD trading at the top of yesterday's range, 0.7020 - 0.7070, prior to OCR review; AUD slips below 0.7700 USD on soft commodity prices, NZDAUD above 0.9200
NZD spiked to 0.7090 USD after GDT prices rose 1.7%, as opposed to a 3-5% expected fall, currently at 0.7050 USD and 0.9145 AUD; USD lower as post-election Trump rally unwinds, USD TWI down 0.5%; GBP up on stronger inflation data
22nd Mar 17, 8:02am
NZD spiked to 0.7090 USD after GDT prices rose 1.7%, as opposed to a 3-5% expected fall, currently at 0.7050 USD and 0.9145 AUD; USD lower as post-election Trump rally unwinds, USD TWI down 0.5%; GBP up on stronger inflation data
The RBNZ's neutral stance to be tested as inflation signals rise. Markets mark down US yields as Trump stimulus plans start to look like just hot air
22nd Mar 17, 8:02am
The RBNZ's neutral stance to be tested as inflation signals rise. Markets mark down US yields as Trump stimulus plans start to look like just hot air
NZD closed the week at 0.7020 USD and is expected to trade in tight ranges until the RBNZ OCR review, which is not expected to have any surprises; AUDUSD back up to 0.77 and NZDAUD just above 0.91
20th Mar 17, 7:59am
NZD closed the week at 0.7020 USD and is expected to trade in tight ranges until the RBNZ OCR review, which is not expected to have any surprises; AUDUSD back up to 0.77 and NZDAUD just above 0.91
Markets not expecting surprises this week, especially from the RBNZ. Fed speakers may get a clear run, and 'garner more attention than deserved'
20th Mar 17, 7:52am
Markets not expecting surprises this week, especially from the RBNZ. Fed speakers may get a clear run, and 'garner more attention than deserved'
Soft NZ GDP release, the less hawkish US Fed, and soft Australian jobs report drives NZ rates lower across the curve. But inflation stirring anyway
17th Mar 17, 8:12am
Soft NZ GDP release, the less hawkish US Fed, and soft Australian jobs report drives NZ rates lower across the curve. But inflation stirring anyway
NZD rose to 0.7040 USD after the Fed announcement yesterday but has since fallen to 0.6975 after weak GDP data; AUD lower against the USD after weak employment data, but given NZD weakness, has strengthened against the NZD
17th Mar 17, 7:56am
NZD rose to 0.7040 USD after the Fed announcement yesterday but has since fallen to 0.6975 after weak GDP data; AUD lower against the USD after weak employment data, but given NZD weakness, has strengthened against the NZD
NZDUSD broke through the 0.7000 mark, rising over 40 points after the Fed announcement; US Fed raises rates by 0.25% and maintains the outlook for another two hikes this year
16th Mar 17, 7:51am
NZDUSD broke through the 0.7000 mark, rising over 40 points after the Fed announcement; US Fed raises rates by 0.25% and maintains the outlook for another two hikes this year
NZDUSD closed the week at 0.6920, up slightly from Friday; USD TWI dropped 0.5% after unemployment data, released on Friday night, did not upgrade rate hike expectations; NZDAUD traded in a tight range to close at 0.9180
13th Mar 17, 8:30am
NZDUSD closed the week at 0.6920, up slightly from Friday; USD TWI dropped 0.5% after unemployment data, released on Friday night, did not upgrade rate hike expectations; NZDAUD traded in a tight range to close at 0.9180
Offshore pressure drove NZ curves higher and steeper, but weekend data may see this reverse today. Key data due later in week
13th Mar 17, 8:23am
Offshore pressure drove NZ curves higher and steeper, but weekend data may see this reverse today. Key data due later in week
Led by Germany, global rates rise. US payrolls next focus with eyes on wages. Local markets see a rate hike here well before RBNZ's expectations
10th Mar 17, 8:13am
Led by Germany, global rates rise. US payrolls next focus with eyes on wages. Local markets see a rate hike here well before RBNZ's expectations
NZDUSD below the 0.6900 mark but finding some support at 0.6890; NZDAUD finds some support at 0.9185 as AUD suffers from oil prices falling by 7% over the last couple of days
10th Mar 17, 7:53am
NZDUSD below the 0.6900 mark but finding some support at 0.6890; NZDAUD finds some support at 0.9185 as AUD suffers from oil prices falling by 7% over the last couple of days
NZD at 0.6910 USD, testing the intra-day low of 0.6885 on 3 January and December low of 0.6860; USD TWI up 0.4% after strong employment data increased Fed hike expectations for the next couple of years; NZDAUD finding some support at 0.9170 mark
9th Mar 17, 8:18am
NZD at 0.6910 USD, testing the intra-day low of 0.6885 on 3 January and December low of 0.6860; USD TWI up 0.4% after strong employment data increased Fed hike expectations for the next couple of years; NZDAUD finding some support at 0.9170 mark