Nick Smyth

16 May 18, 8:16am
Renewed inflation signals push UST yields up strongly; further rises anticipated. Chances of an extra rate hike in 2018 increase
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16 May 18, 8:13am
The move higher in US yields has boosted the USD across the board; GBP has been one of the outperformers in the FX market overnight; NZD is once again one of the underperformers
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15 May 18, 8:08am
NZD has been the underperformer in FX markets overnight, now trading at 0.6920 USD; NZ swap rates continued to move lower yesterday; European bond yields rose after news that the ECB was planning on raising rates at some point in 2019
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14 May 18, 8:07am
USD closed the week slightly lower against most of the G10, although the movements were very modest; NZD traded a narrow range on Friday night, ending the week just below 0.6970 USD; Budget on Thursday is the key event for the local rates
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11 May 18, 7:58am
NZD is the worst performing currency the past 24 hours; local rates lower; GBP was the second worst performing currency; USD fell after a slightly lower than expected US core CPI release; UST yields declined slightly
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10 May 18, 8:11am
UST 10yr up over 3% again despite weaker US PPI. Eyes on US CPI data. Eyes also on the new RBNZ Governor and the MPS
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9 May 18, 7:59am
USD has extended its recent gains overnight, with the Bloomberg DXY moving up to a new high for 2018; NZD broke below 0.70 to a low of 0.6954, before bouncing back slightly to 0.6965; US 10 year Treasury is up 2bps to 2.97%
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8 May 18, 8:29am
Oil prices pushed on to a new post-2014 high; USD is generally stronger, with the Bloomberg DXY and the (euro-centric) DXY both making new highs for 2018; GBP is the strongest currency in the G10
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7 May 18, 8:23am
USD moved higher after payrolls, in tandem with the increase in Treasury yields off the intraday lows, Bloomberg DXY was up 0.2%; NZD hit a low of 0.6994 after payrolls, before recovering to end the week at 0.7020
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7 May 18, 7:46am
Mixed US payrolls data, deadlocked China talks, EMs doing it tough, but UST 10yr yields little changed at 2.95%. Eyes on commodity risks
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27 Apr 18, 8:19am
Mixed US data ahead of Q1 GDP which is expected to be modest. Oil prices jump on Iran tiff between Trump and Macron
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27 Apr 18, 7:43am
President Draghi acknowledged “some moderation in growth” but noted the economic recovery was still solid, EUR fell to 1.21; NZD still trading close to where it was this time yesterday at 0.7060 USD
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26 Apr 18, 8:12am
Foundations for US rates above 3% are far stronger this time around than they were last time they hit this level
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26 Apr 18, 8:10am
USD higher as the Bloomberg DXY moving to its highest levels since mid-January; EUR has fallen below 1.22; NZD has fallen to year-to-date lows over the past two days, and currently sits just above 0.7050 USD
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24 Apr 18, 8:11am
USD strengthened across the board for the third day running, Bloomberg DXY rose around 0.75%; EUR has fallen to 1.2200 USD; NZD has followed the broad USD move and moved down towards 0.7150
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24 Apr 18, 7:55am
Markets push bond yields higher on inflation expectations. Curves steepen. US pulls back from some tough positions on China, Russia. Wall Street up, then down
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23 Apr 18, 7:47am
The USD was stronger across the board for a second day running, Bloomberg DXY was around 0.5% higher; EUR fell below 1.23 on Friday, a two week low; commodity currencies were among the worst performers on Friday, with the NZD down almost 1%
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23 Apr 18, 7:21am
Commodity price rises boost inflation expectations, in turn push bond yields up. Eyes on US corporate earnings. US-China trade tension risk seen easing
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20 Apr 18, 8:10am
Politics spruik commodity prices. Rising inflation expectations lift bond yields. Equities fall despite most earnings reports beating expectations
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20 Apr 18, 7:43am
Bloomberg dollar index is up around 0.5% on higher US interest rates and little fresh news on trade tensions; Yen has outperformed; NZD has declined to around 0.7265
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