CAD
NZD reached an overnight high of 0.7313 USD, the highest level since the end of September 2017; against the AUD the NZD drifted lower to currently sit at 0.9160; GDT results may be pivotal for the NZD
16th Jan 18, 4:08pm
NZD reached an overnight high of 0.7313 USD, the highest level since the end of September 2017; against the AUD the NZD drifted lower to currently sit at 0.9160; GDT results may be pivotal for the NZD
NZD has outperformed as the new week begins, with the overnight high of 0.7315 reached around sunrise; NZDAUD has tracked sideways; “Sell USD against anything” seems to be the current mantra early in 2018; 2 yr local swap rates up 1 bp and 10 yr up 3 bps
16th Jan 18, 8:07am
NZD has outperformed as the new week begins, with the overnight high of 0.7315 reached around sunrise; NZDAUD has tracked sideways; “Sell USD against anything” seems to be the current mantra early in 2018; 2 yr local swap rates up 1 bp and 10 yr up 3 bps
EUR gets boost from Merkel coalition, US data surprises on the upside, but USD fails to capitalise on fiscal, trade headwinds. NZD fatigued after strong run
15th Jan 18, 7:48am
EUR gets boost from Merkel coalition, US data surprises on the upside, but USD fails to capitalise on fiscal, trade headwinds. NZD fatigued after strong run
China denies reducing UST demand. ECB minutes seen as hawkish. Commodity prices stronger. Local eyes on building consent data
12th Jan 18, 8:39am
China denies reducing UST demand. ECB minutes seen as hawkish. Commodity prices stronger. Local eyes on building consent data
Bloomberg story on China's UST investment intentions moves markets. Japan's intentions also under scrutiny
11th Jan 18, 8:47am
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Bloomberg story on China's UST investment intentions moves markets. Japan's intentions also under scrutiny
Bank of Japan moves have traders paying close attention; US earnings season optimism bolsters the USD; China tweaks its fixing rules
10th Jan 18, 8:40am
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Bank of Japan moves have traders paying close attention; US earnings season optimism bolsters the USD; China tweaks its fixing rules
UST 10yr can't break above 2.5%, eyes on US CPI. NZD the only currency to gain on the greenback. EU confidence improves, but still no idea of end to QE despite German prodding
9th Jan 18, 8:26am
UST 10yr can't break above 2.5%, eyes on US CPI. NZD the only currency to gain on the greenback. EU confidence improves, but still no idea of end to QE despite German prodding
Commodity currencies get a boost as the world's largest economies release generally positive data and the US is bolstered by tax cut euphoria
8th Jan 18, 8:12am
Commodity currencies get a boost as the world's largest economies release generally positive data and the US is bolstered by tax cut euphoria
USD, helped by strong housing data, is up against most currencies; UST 10yr yield is up 6 bps to 2.46%, its highest level in 2 months; NZD remains stuck around 0.7000, having traded a tight 0.6980 to 0.7020 range overnight
20th Dec 17, 7:50am
USD, helped by strong housing data, is up against most currencies; UST 10yr yield is up 6 bps to 2.46%, its highest level in 2 months; NZD remains stuck around 0.7000, having traded a tight 0.6980 to 0.7020 range overnight
After a high against the USD of 0.7032 the NZD has drifted lower and now stands at 0.7003, upside looks capped at the 0.7020 level; NZD has also drifted lower against the AUD, now at 0.9134
19th Dec 17, 3:58pm
After a high against the USD of 0.7032 the NZD has drifted lower and now stands at 0.7003, upside looks capped at the 0.7020 level; NZD has also drifted lower against the AUD, now at 0.9134
USD is weaker against all the major currencies, but remains within recent ranges; NZD remains around 0.7000 USD; US yields edged a little higher, in sympathy with the move in stocks
19th Dec 17, 8:06am
USD is weaker against all the major currencies, but remains within recent ranges; NZD remains around 0.7000 USD; US yields edged a little higher, in sympathy with the move in stocks
USD strengthened across the board as the markets priced in a greater likelihood of the tax bill passing; US yield curve resumed its flattening trend; USD strength saw the NZD drift back below 0.70; GBP was one of the worst performing currencies
18th Dec 17, 8:14am
USD strengthened across the board as the markets priced in a greater likelihood of the tax bill passing; US yield curve resumed its flattening trend; USD strength saw the NZD drift back below 0.70; GBP was one of the worst performing currencies
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
15th Dec 17, 7:58am
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
14th Dec 17, 7:44am
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
13th Dec 17, 7:53am
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week
12th Dec 17, 12:08pm
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Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
12th Dec 17, 8:06am
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
11th Dec 17, 8:03am
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
8th Dec 17, 7:55am
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
7th Dec 17, 7:43am
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
6th Dec 17, 8:09am
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session
5th Dec 17, 8:07am
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session
NZD made up some lost ground, ending the week around 0.6890 USD; USD was weaker, with the TWI major index down 0.6%; global rates were lower, UST 10yr dived 10 bps to 2.32%; local rates had a slight downward bias
4th Dec 17, 8:18am
NZD made up some lost ground, ending the week around 0.6890 USD; USD was weaker, with the TWI major index down 0.6%; global rates were lower, UST 10yr dived 10 bps to 2.32%; local rates had a slight downward bias
NZD is about 0.7% weaker than it was this time yesterday, trading at 0.6840 USD; EUR and GBP have outperformed; month-end flows seem to be dominating USD moves
1st Dec 17, 8:06am
NZD is about 0.7% weaker than it was this time yesterday, trading at 0.6840 USD; EUR and GBP have outperformed; month-end flows seem to be dominating USD moves
GBP is up 0.8% to 1.3445 USD on promising Brexit talks; in the bond markets, yields are up across the board; NZD is around where it closed the local session at 0.6890 USD; local swap rates down 2-3bps
30th Nov 17, 7:52am
GBP is up 0.8% to 1.3445 USD on promising Brexit talks; in the bond markets, yields are up across the board; NZD is around where it closed the local session at 0.6890 USD; local swap rates down 2-3bps