AU$
No fresh developments on the US-China trade front and no major economic data released; ECB said it would end its QE programme; NZD has been relatively stable; HYEFU was very similar to the May Budget
14th Dec 18, 8:14am
No fresh developments on the US-China trade front and no major economic data released; ECB said it would end its QE programme; NZD has been relatively stable; HYEFU was very similar to the May Budget
US equities have risen strongly overnight; GBP has also recovered sharply; NZD has fallen, despite a broadly weaker USD; NZ longer-dates government bond yields increased again yesterday
13th Dec 18, 8:12am
US equities have risen strongly overnight; GBP has also recovered sharply; NZD has fallen, despite a broadly weaker USD; NZ longer-dates government bond yields increased again yesterday
US and China have had high-level dialogue on trade; GBP remains weak amidst speculation; NZD is unchanged from this time yesterday, but higher on most of the crosses; NZ swap rates moved slightly lower again yesterday
12th Dec 18, 7:53am
US and China have had high-level dialogue on trade; GBP remains weak amidst speculation; NZD is unchanged from this time yesterday, but higher on most of the crosses; NZ swap rates moved slightly lower again yesterday
The British pound was hammered overnight; NZD has outperformed amidst the risk-off backdrop, and the NZDAUD has made a fresh 18-month high; US rates moves were calm in comparison to the volatility in the GBP and equity markets
11th Dec 18, 7:54am
The British pound was hammered overnight; NZD has outperformed amidst the risk-off backdrop, and the NZDAUD has made a fresh 18-month high; US rates moves were calm in comparison to the volatility in the GBP and equity markets
The risk-off backdrop pushed US bond yields lower; currencies saw relatively little movement, although the NZD drifted lower on the day; OPEC announced a larger than expected 1.2m barrels per day supply cut, which boosted oil prices
10th Dec 18, 8:07am
The risk-off backdrop pushed US bond yields lower; currencies saw relatively little movement, although the NZD drifted lower on the day; OPEC announced a larger than expected 1.2m barrels per day supply cut, which boosted oil prices
Safe-haven currencies like JPY and CHF outperform; commodity currencies have underperformed; global equity markets are a lot lower, while US 10 year rates are down to a fresh 3-month low
7th Dec 18, 8:02am
Safe-haven currencies like JPY and CHF outperform; commodity currencies have underperformed; global equity markets are a lot lower, while US 10 year rates are down to a fresh 3-month low
AUD and CAD are the weakest performers; GBP is better bid after a poor run recently; S&P futures are up 0.6%; NZ’s generic 10-year government bond yield closed at 2.47%, its lowest level in over two years
6th Dec 18, 8:13am
AUD and CAD are the weakest performers; GBP is better bid after a poor run recently; S&P futures are up 0.6%; NZ’s generic 10-year government bond yield closed at 2.47%, its lowest level in over two years
Equities and bond yields are lower and, overnight, commodity currencies have drifted lower, while JPY is the best performing major currency; Brexit woes continue to impair GBP
5th Dec 18, 8:21am
Equities and bond yields are lower and, overnight, commodity currencies have drifted lower, while JPY is the best performing major currency; Brexit woes continue to impair GBP
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 dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
21st Nov 18, 7:43am
US dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
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
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
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board
15th Nov 18, 7:54am
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board
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