AU$
Global rates continued to head lower overnight as the market readies for a wave of central bank easing; lower rate outlook has boosted equities; NZD has outperformed, alongside the AUD, and has risen back above 0.67
4th Jul 19, 7:35am
Global rates continued to head lower overnight as the market readies for a wave of central bank easing; lower rate outlook has boosted equities; NZD has outperformed, alongside the AUD, and has risen back above 0.67
Global rates fell sharply overnight after BoE Governor Carney warned that an intensification of trade tensions had the potential to “shipwreck the global economy”; NZD is unchanged from this time yesterday
3rd Jul 19, 7:44am
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Global rates fell sharply overnight after BoE Governor Carney warned that an intensification of trade tensions had the potential to “shipwreck the global economy”; NZD is unchanged from this time yesterday
US equities have reversed most of their initial gains while US bond yields are modestly higher; USD has performed strongly overnight, which has taken the NZD back below 0.67; AUD opened slightly higher on Monday morning
2nd Jul 19, 8:11am
US equities have reversed most of their initial gains while US bond yields are modestly higher; USD has performed strongly overnight, which has taken the NZD back below 0.67; AUD opened slightly higher on Monday morning
Presidents Trump and Xi agreed to a ceasefire in the US-China trade war; while existing tariffs on Chinese imports will remain in place, the outcome will be seen as positive for risk assets, the NZD and the AUD to start the week; 10 year US Treasury yield
1st Jul 19, 8:30am
Presidents Trump and Xi agreed to a ceasefire in the US-China trade war; while existing tariffs on Chinese imports will remain in place, the outcome will be seen as positive for risk assets, the NZD and the AUD to start the week; 10 year US Treasury yield
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
28th Jun 19, 8:23am
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
27th Jun 19, 7:44am
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
26th Jun 19, 8:06am
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
25th Jun 19, 8:02am
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
24th Jun 19, 8:07am
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
21st Jun 19, 8:28am
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
20th Jun 19, 8:11am
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
19th Jun 19, 8:07am
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
18th Jun 19, 8:13am
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
17th Jun 19, 8:09am
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
14th Jun 19, 8:05am
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
13th Jun 19, 8:27am
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
12th Jun 19, 8:33am
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
Equities, bond yields and the USD are all higher; NZD has underperformed; hasn’t been much fresh news on the US-China trade front; GBP fell 0.4% after much weaker than expected GDP
11th Jun 19, 8:01am
Equities, bond yields and the USD are all higher; NZD has underperformed; hasn’t been much fresh news on the US-China trade front; GBP fell 0.4% after much weaker than expected GDP
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
10th Jun 19, 8:19am
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
7th Jun 19, 7:57am
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
6th Jun 19, 9:01am
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
5th Jun 19, 8:35am
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
4th Jun 19, 8:26am
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
31st May 19, 8:15am
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central
30th May 19, 8:33am
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central