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Powell's hawkish post-FOMC comments reverberate across markets. USD shows broadly based strength, sending NZD below 0.66 to fresh 15-month lows. Higher NZ rates in the face of strong inflation provide no offset to that force
28th Jan 22, 7:49am
Powell's hawkish post-FOMC comments reverberate across markets. USD shows broadly based strength, sending NZD below 0.66 to fresh 15-month lows. Higher NZ rates in the face of strong inflation provide no offset to that force
Ahead of the US Fed, the Bank of Canada delivers a hawkish hold signaling higher rates from here. Eyes on NZ CPI
27th Jan 22, 7:31am
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Ahead of the US Fed, the Bank of Canada delivers a hawkish hold signaling higher rates from here. Eyes on NZ CPI
Volatility in equity markets continues. S&P500 down 2% after late 4% rally from its low yesterday. US 10-year rate shows little net movement
26th Jan 22, 7:51am
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Volatility in equity markets continues. S&P500 down 2% after late 4% rally from its low yesterday. US 10-year rate shows little net movement
Europe prepares for Russian invasion of Ukraine. Risk appetite takes a hit. Big slump in global equities. Modest rally in global bonds
25th Jan 22, 7:52am
Europe prepares for Russian invasion of Ukraine. Risk appetite takes a hit. Big slump in global equities. Modest rally in global bonds
Roger J Kerr explains why the NZD is falling against the AUD and why this might have some way to go yet, over coming weeks
24th Jan 22, 8:06am
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Roger J Kerr explains why the NZD is falling against the AUD and why this might have some way to go yet, over coming weeks
Risk appetite recovers overnight, global equities higher. AUD outperforms following another strong labour market report
21st Jan 22, 7:50am
Risk appetite recovers overnight, global equities higher. AUD outperforms following another strong labour market report
Global bond sell-off pauses overnight. German 10-year had earlier hit 0% for first time since 2019. Huge move higher in NZ 2-year swap yesterday in thin conditions, with market wary of CPI next week
20th Jan 22, 7:53am
Global bond sell-off pauses overnight. German 10-year had earlier hit 0% for first time since 2019. Huge move higher in NZ 2-year swap yesterday in thin conditions, with market wary of CPI next week
Global rates continue to trend higher - US 10yr hits 2-year high with market pricing small chance of 50bps Fed hike in March. Equities under pressure again
19th Jan 22, 8:04am
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Global rates continue to trend higher - US 10yr hits 2-year high with market pricing small chance of 50bps Fed hike in March. Equities under pressure again
Global rates continue to trend higher as market brings forward central bank tightening with 4 Fed hikes now fully priced for 2022. NZ curve steepening continues with global moves dragging long-term NZ rates higher
18th Jan 22, 7:48am
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Global rates continue to trend higher as market brings forward central bank tightening with 4 Fed hikes now fully priced for 2022. NZ curve steepening continues with global moves dragging long-term NZ rates higher
Roger J Kerr says business confidence is falling because of the fear of re-imposed lockdowns as Omicron approaches. But he sees the NZD & AUD rising on USD weakness. Still, a tougher 2022 is on the cards, he says
17th Jan 22, 8:31am
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Roger J Kerr says business confidence is falling because of the fear of re-imposed lockdowns as Omicron approaches. But he sees the NZD & AUD rising on USD weakness. Still, a tougher 2022 is on the cards, he says
US rates surge higher after Fed signals earlier rate hikes and balance sheet unwind - market prices first Fed hike in March. Higher real rates, commodity prices, cyclical stocks point to more optimism around global growth and Omicron risks
17th Jan 22, 8:26am
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US rates surge higher after Fed signals earlier rate hikes and balance sheet unwind - market prices first Fed hike in March. Higher real rates, commodity prices, cyclical stocks point to more optimism around global growth and Omicron risks
In his first column for 2022, Roger J Kerr assesses the three major forces driving the relative value of the NZD, and how they are likely to play out in the new year
10th Jan 22, 8:52am
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In his first column for 2022, Roger J Kerr assesses the three major forces driving the relative value of the NZD, and how they are likely to play out in the new year
Omicron fears and likely death of US spending bill drag global equity markets much lower. US 10-year rate down a touch, below 1.40%
21st Dec 21, 7:57am
Omicron fears and likely death of US spending bill drag global equity markets much lower. US 10-year rate down a touch, below 1.40%
In his final column for 2021, Roger J Kerr summarises the forces that are expected to propel the Aussie dollar higher in 2022 and the Kiwi dollar with it
20th Dec 21, 8:40am
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In his final column for 2021, Roger J Kerr summarises the forces that are expected to propel the Aussie dollar higher in 2022 and the Kiwi dollar with it
Equities lower, yield curves flatter as Fed official says March is a "live meeting" for a rate hike Omicron continues to spread rapidly. Biden's $1.75tn Build Back Better bill now looks unlikely to pass
20th Dec 21, 7:51am
Equities lower, yield curves flatter as Fed official says March is a "live meeting" for a rate hike Omicron continues to spread rapidly. Biden's $1.75tn Build Back Better bill now looks unlikely to pass
Fed signals three hikes next year. BoE raises rates/ ECB to taper its bond buying next year but signals no hikes in 2022
17th Dec 21, 8:02am
Fed signals three hikes next year. BoE raises rates/ ECB to taper its bond buying next year but signals no hikes in 2022
Markets expect another incrementally hawkish tilt from US Fed. US equities lower for third day running, US rates steady
16th Dec 21, 7:55am
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Markets expect another incrementally hawkish tilt from US Fed. US equities lower for third day running, US rates steady
US PPI inflation surges, adding to inflation angst. US equities seemingly more nervous than rates market, ahead of FOMC update tomorrow
15th Dec 21, 8:04am
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US PPI inflation surges, adding to inflation angst. US equities seemingly more nervous than rates market, ahead of FOMC update tomorrow
Risk sentiment weaker to start the new week, ahead of busy event calendar, not helped by negative Omicron headlines and surging European gas prices
14th Dec 21, 7:51am
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Risk sentiment weaker to start the new week, ahead of busy event calendar, not helped by negative Omicron headlines and surging European gas prices
Roger J Kerr says If the RBNZ were doing their job properly they would be putting considerable resources into lobbying, challenging and threatening the Govt of the day on the policies that are at the source of the consistently high non-tradable inflation
13th Dec 21, 8:25am
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Roger J Kerr says If the RBNZ were doing their job properly they would be putting considerable resources into lobbying, challenging and threatening the Govt of the day on the policies that are at the source of the consistently high non-tradable inflation
US CPI hits highest level in almost 40 years amidst broadening inflation pressures. Fed expected to announce a faster tapering pace later this week. S&P500 closes at new record high, oil prices increase on Omicron optimism
13th Dec 21, 7:54am
US CPI hits highest level in almost 40 years amidst broadening inflation pressures. Fed expected to announce a faster tapering pace later this week. S&P500 closes at new record high, oil prices increase on Omicron optimism
Equities and bond yields pull back slightly. China announces measures to dampen CNY strength. NZD back below 0.68 amidst a firmer USD
10th Dec 21, 8:03am
Equities and bond yields pull back slightly. China announces measures to dampen CNY strength. NZD back below 0.68 amidst a firmer USD
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
9th Dec 21, 7:53am
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening
8th Dec 21, 8:01am
Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening
Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher
7th Dec 21, 7:59am
Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher