AU$
Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
15th May 19, 7:48am
1
Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall
14th May 19, 8:07am
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall
US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
13th May 19, 8:07am
1
US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
Market nervous about US-China trade talks; equities and bond yields are lower but the USD is also under a little bit of pressure and shows broadly based losses; NZD recovering towards 0.66 and the AUD towards 0.70
10th May 19, 8:09am
Market nervous about US-China trade talks; equities and bond yields are lower but the USD is also under a little bit of pressure and shows broadly based losses; NZD recovering towards 0.66 and the AUD towards 0.70
US equities modestly positive and US rates slightly higher; NZD has only sustained a small fall after the RBNZ cut rates yesterday; GBP remains soft as hopes for a Brexit deal fade
9th May 19, 8:35am
US equities modestly positive and US rates slightly higher; NZD has only sustained a small fall after the RBNZ cut rates yesterday; GBP remains soft as hopes for a Brexit deal fade
Belated slump in US equities, while US Treasury rates are pushing lower; JPY and the USD are well supported in this environment; NZD slipped below 0.66 overnight while the AUD shredded its post-RBA gains
8th May 19, 8:10am
Belated slump in US equities, while US Treasury rates are pushing lower; JPY and the USD are well supported in this environment; NZD slipped below 0.66 overnight while the AUD shredded its post-RBA gains
Markets opened the week suffering under the weight of President Trump’s early Monday morning tweet; NZD has settled this morning around 0.6610; NZ rates pushed lower yesterday
7th May 19, 8:27am
Markets opened the week suffering under the weight of President Trump’s early Monday morning tweet; NZD has settled this morning around 0.6610; NZ rates pushed lower yesterday
Good US jobs report overshadowed by US:China trade negotiation 'surprise'. NZD may come under pressure. Market positioning suggests RBNZ rate cut more likely
6th May 19, 8:28am
Good US jobs report overshadowed by US:China trade negotiation 'surprise'. NZD may come under pressure. Market positioning suggests RBNZ rate cut more likely
Yesterday’s fall in US equities, and rise in US rates and USD after Fed Chair Powell uttered the words low inflation may be “transitory” has carried through into another trading session; NZD currently sits at 0.6620
3rd May 19, 8:15am
Yesterday’s fall in US equities, and rise in US rates and USD after Fed Chair Powell uttered the words low inflation may be “transitory” has carried through into another trading session; NZD currently sits at 0.6620
NZD has solidified the loss seen post the NZ labour market data yesterday; FOMC statement had no surprises; US rates were lower but have bounced back up
2nd May 19, 8:12am
NZD has solidified the loss seen post the NZ labour market data yesterday; FOMC statement had no surprises; US rates were lower but have bounced back up
Net result is a flat US equity market and softer USD across the board, with GBP outperforming; US rates have pushed lower; CAD has performed well despite Canada GDP growth
1st May 19, 8:18am
Net result is a flat US equity market and softer USD across the board, with GBP outperforming; US rates have pushed lower; CAD has performed well despite Canada GDP growth
Modest price action in currency markets, while US rates have pushed higher; US and China trade negotiators will be back at the table this week; NZ swap rates had an upward bias yesterday
30th Apr 19, 8:32am
Modest price action in currency markets, while US rates have pushed higher; US and China trade negotiators will be back at the table this week; NZ swap rates had an upward bias yesterday
NZD ended the week on a positive note, alongside other commodity currencies, helped along by an underwhelming US GDP report that also saw US treasury yields retreat
29th Apr 19, 8:28am
NZD ended the week on a positive note, alongside other commodity currencies, helped along by an underwhelming US GDP report that also saw US treasury yields retreat
USD remains well bid, although the NZD is trying to recover after reaching a fresh year-to date low on ANZAC Day; US 10-year Treasury yields have nudged higher overnight but are still lower than when we left the office on Wednesday
26th Apr 19, 8:00am
USD remains well bid, although the NZD is trying to recover after reaching a fresh year-to date low on ANZAC Day; US 10-year Treasury yields have nudged higher overnight but are still lower than when we left the office on Wednesday
USD has shown broadly based gains, seeing it make a fresh high for the year, while the NZD makes a low; that’s against a backdrop of stronger equity markets; meanwhile in bond markets, European rates are higher, while US Treasury rates are slightly lower
24th Apr 19, 8:08am
USD has shown broadly based gains, seeing it make a fresh high for the year, while the NZD makes a low; that’s against a backdrop of stronger equity markets; meanwhile in bond markets, European rates are higher, while US Treasury rates are slightly lower
NZD and AUD fell late on Thursday and have sustained those losses; main price action to speak of is a strong gain in crude oil prices; higher oil prices have given a little boost to the US 10-year Treasury rate
23rd Apr 19, 7:54am
NZD and AUD fell late on Thursday and have sustained those losses; main price action to speak of is a strong gain in crude oil prices; higher oil prices have given a little boost to the US 10-year Treasury rate
Little pulse across global equities and bond markets; currency markets have showed little movement overnight, while the NZD remains at the bottom of the pack after yesterday’s downside miss to the CPI
18th Apr 19, 7:55am
Little pulse across global equities and bond markets; currency markets have showed little movement overnight, while the NZD remains at the bottom of the pack after yesterday’s downside miss to the CPI
US Treasury rates continue to trend higher and the 10-year rate is now back to levels preceding the last Fed meeting; AUD has recovered yesterday’s losses to trade flat, while the NZD remains flat
17th Apr 19, 7:40am
US Treasury rates continue to trend higher and the 10-year rate is now back to levels preceding the last Fed meeting; AUD has recovered yesterday’s losses to trade flat, while the NZD remains flat
US equities have spent much of the session in negative territory and are currently slightly lower, US Treasuries have traded in a narrow range and the NZD and AUD are little changed from where they began the week
16th Apr 19, 8:15am
US equities have spent much of the session in negative territory and are currently slightly lower, US Treasuries have traded in a narrow range and the NZD and AUD are little changed from where they began the week
Commodity currencies outperform, alongside higher global equities and rates; the whole of last week was “low vol” for the NZD; AUD slightly outperformed the NZD
15th Apr 19, 8:12am
Commodity currencies outperform, alongside higher global equities and rates; the whole of last week was “low vol” for the NZD; AUD slightly outperformed the NZD
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
12th Apr 19, 7:46am
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
11th Apr 19, 8:08am
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
10th Apr 19, 7:59am
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
9th Apr 19, 8:11am
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday
8th Apr 19, 8:34am
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday