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Nick Smyth

Equity markets rise and commodity currencies outperform; US 10 year rates opened higher, but have fallen away to be little changed just under 3%; NZD has held onto the gains
4th Dec 18, 7:49am
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Equity markets rise and commodity currencies outperform; US 10 year rates opened higher, but have fallen away to be little changed just under 3%; NZD has held onto the gains
US equities were stronger, US rates were lower, while the NZD closed near its recent highs; Oil prices fell by around 1% after data showed that US oil production surged to a record high in September
3rd Dec 18, 8:24am
US equities were stronger, US rates were lower, while the NZD closed near its recent highs; Oil prices fell by around 1% after data showed that US oil production surged to a record high in September
NZD sits this morning around 0.6850; US equities are modestly lower through the morning session, while the US 10-year rate is back near the NZ close of 3.03% after earlier breaking below 3%; NZ government rates were 4-5bps lower
30th Nov 18, 7:50am
NZD sits this morning around 0.6850; US equities are modestly lower through the morning session, while the US 10-year rate is back near the NZ close of 3.03% after earlier breaking below 3%; NZ government rates were 4-5bps lower
Wall Street up and greenback down as Fed boss says interest rates 'just below' neutral. Local markets ignore RBNZ FSR. Eyes on NZ business confidence
29th Nov 18, 8:33am
Wall Street up and greenback down as Fed boss says interest rates 'just below' neutral. Local markets ignore RBNZ FSR. Eyes on NZ business confidence
USD is broadly higher once again, although the NZD has bucked the trend and is up slightly on the day; US Treasury yields are also broadly unchanged overnight; GBP is the worst performer over the past 24 hours
28th Nov 18, 8:13am
USD is broadly higher once again, although the NZD has bucked the trend and is up slightly on the day; US Treasury yields are also broadly unchanged overnight; GBP is the worst performer over the past 24 hours
Equities and US bond yields were rising overnight, and crude oil recovered some of its large falls; currency moves have been modest; NZD is trading just under 0.68
27th Nov 18, 7:53am
Equities and US bond yields were rising overnight, and crude oil recovered some of its large falls; currency moves have been modest; NZD is trading just under 0.68
US equities ended the week on a soft note and US Treasury yields declined slightly; EUR weakened, and the USD strengthened; oil prices remained in free-fall due to concerns about oversupply; NZD fell 0.5% on Friday
26th Nov 18, 8:09am
US equities ended the week on a soft note and US Treasury yields declined slightly; EUR weakened, and the USD strengthened; oil prices remained in free-fall due to concerns about oversupply; NZD fell 0.5% on Friday
The only notable movement has been strength in GBP; NZD was modestly weaker in local trading yesterday and has sustained that move overnight; NZ rates were down slightly across the curve yesterday
23rd Nov 18, 8:09am
The only notable movement has been strength in GBP; NZD was modestly weaker in local trading yesterday and has sustained that move overnight; NZ rates were down slightly across the curve yesterday
Global equities higher, global rates rise modestly and commodity currencies are supported; bounce in oil prices is interesting considering the stream of negative headlines; NZD and AUD have been the best performing
22nd Nov 18, 7:54am
Global equities higher, global rates rise modestly and commodity currencies are supported; bounce in oil prices is interesting considering the stream of negative headlines; NZD and AUD have been the best performing
US equity markets have turned south; US Treasuries have been better bid; Mike Pence has appeared keen to trade barbs; his comments weighed on NZD and AUD sentiment at times
20th Nov 18, 8:07am
by Guest
US equity markets have turned south; US Treasuries have been better bid; Mike Pence has appeared keen to trade barbs; his comments weighed on NZD and AUD sentiment at times
USD and US Treasury yields fell after comments from Fed Chair Clarida were interpreted as dovish; that helped the NZD to continue to power on up; AUD closed the week around 0.7330
19th Nov 18, 8:11am
USD and US Treasury yields fell after comments from Fed Chair Clarida were interpreted as dovish; that helped the NZD to continue to power on up; AUD closed the week around 0.7330
GBP trashed again and UK gilt yields plunging, dragging down US Treasury yields; US equities are now back to square; NZD continues to perform well, making further gains overnight
16th Nov 18, 8:13am
GBP trashed again and UK gilt yields plunging, dragging down US Treasury yields; US equities are now back to square; NZD continues to perform well, making further gains overnight
US-China trade talks and a Brexit deal have supported risk currencies like the NZD; GBP has been the top performer; US Treasury yields haven’t responded to the better risk backdrop
14th Nov 18, 7:59am
US-China trade talks and a Brexit deal have supported risk currencies like the NZD; GBP has been the top performer; US Treasury yields haven’t responded to the better risk backdrop
US equity markets have remained under downward pressure; USD has extended its recent gains; NZD has held up reasonably well, and is down only marginally against the USD overnight; NZ swap rates nudged up slightly yesterday
13th Nov 18, 8:16am
US equity markets have remained under downward pressure; USD has extended its recent gains; NZD has held up reasonably well, and is down only marginally against the USD overnight; NZ swap rates nudged up slightly yesterday
Heavy-handed Chinese moves on setting commercial interest rates overshadows markets. Oil drops into bear territory. Eyes on both Brexit developments, and upcoming Powell comments
12th Nov 18, 7:56am
Heavy-handed Chinese moves on setting commercial interest rates overshadows markets. Oil drops into bear territory. Eyes on both Brexit developments, and upcoming Powell comments
US equities are flat and US Treasury rates are little changed; NZD sits this morning at 0.6780; the local 2-year swap rate rose by 3bps to a fresh high of 2.19%, while the 5-10 year swap rates were up 6bps
9th Nov 18, 8:29am
US equities are flat and US Treasury rates are little changed; NZD sits this morning at 0.6780; the local 2-year swap rate rose by 3bps to a fresh high of 2.19%, while the 5-10 year swap rates were up 6bps
USD is modestly softer across the board; US Treasury yields are down slightly; NZD has been the star performer following the surprising strength in labour market data yesterday
8th Nov 18, 8:03am
USD is modestly softer across the board; US Treasury yields are down slightly; NZD has been the star performer following the surprising strength in labour market data yesterday
GBP has shown another modest gain to make it the strongest currency; US equities and Treasury rates are slightly higher; NZD sits this morning at 0.6670, about 10pips higher than this time yesterday
7th Nov 18, 7:42am
GBP has shown another modest gain to make it the strongest currency; US equities and Treasury rates are slightly higher; NZD sits this morning at 0.6670, about 10pips higher than this time yesterday
Currency movements have been small apart from GBP which has swung around on Brexit headlines; US rates are slightly lower; NZD crosses are fairly flat
6th Nov 18, 7:59am
Currency movements have been small apart from GBP which has swung around on Brexit headlines; US rates are slightly lower; NZD crosses are fairly flat
A stronger than expected US non-farm payrolls report led to a sharp rise in US Treasury yields and an appreciation in the USD against G10 currencies; NZD drifted lower to 0.6650; NZ swap rates rose by between 1 to 2.5bps
5th Nov 18, 8:09am
A stronger than expected US non-farm payrolls report led to a sharp rise in US Treasury yields and an appreciation in the USD against G10 currencies; NZD drifted lower to 0.6650; NZ swap rates rose by between 1 to 2.5bps
USD has moved sharply lower across the board over the past 24 hours; NZD is the best performing currency in the G10, up more than 2%; 10 year US Treasury yield is at 3.14%
2nd Nov 18, 8:19am
USD has moved sharply lower across the board over the past 24 hours; NZD is the best performing currency in the G10, up more than 2%; 10 year US Treasury yield is at 3.14%
US and European equity markets have risen strongly and US Treasury yields have moved higher; USD has continued to push higher, helped by better than expected US data; NZD and AUD are the two underperformers
1st Nov 18, 7:46am
US and European equity markets have risen strongly and US Treasury yields have moved higher; USD has continued to push higher, helped by better than expected US data; NZD and AUD are the two underperformers
NZD and AUD have moved higher over the past 24 hours after President Trump discussed the possibility of a “great deal” with China; 10 year US Treasury yield has nudged 1bp higher, in sympathy with the move in equities
31st Oct 18, 7:40am
NZD and AUD have moved higher over the past 24 hours after President Trump discussed the possibility of a “great deal” with China; 10 year US Treasury yield has nudged 1bp higher, in sympathy with the move in equities
More positive tone to risk assets has helped Treasury yields push a little higher and the JPY underperform; NZD is little changed against the USD from Friday night’s close, although it has made gains on all the crosses
30th Oct 18, 7:57am
More positive tone to risk assets has helped Treasury yields push a little higher and the JPY underperform; NZD is little changed against the USD from Friday night’s close, although it has made gains on all the crosses
US equities had another rough day, sending US Treasury rates lower, while JPY was the strongest of the majors; NZD saw a couple of forces on Friday, with the net result being little change after a temporary shunt downwards
29th Oct 18, 7:50am
US equities had another rough day, sending US Treasury rates lower, while JPY was the strongest of the majors; NZD saw a couple of forces on Friday, with the net result being little change after a temporary shunt downwards