ECB
NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
24th May 17, 8:53am
NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
NZD trended 1% higher overnight, meeting some resistance just under the 0.70 USD mark; USD remains out of favour; NZ 2 yr swap at 2.25%, 10 yr at 3.26%, steepening bias expected
23rd May 17, 8:01am
NZD trended 1% higher overnight, meeting some resistance just under the 0.70 USD mark; USD remains out of favour; NZ 2 yr swap at 2.25%, 10 yr at 3.26%, steepening bias expected
UST and local rates traded in a tight range with little movement in the yield curve; USD was under pressure on Friday, USD majors index down 0.7%; NZD up to 0.6925 on USD weakness
22nd May 17, 8:44am
UST and local rates traded in a tight range with little movement in the yield curve; USD was under pressure on Friday, USD majors index down 0.7%; NZD up to 0.6925 on USD weakness
USD recovered after being supported by strong data; NZDUSD below the 0.6900 level as USD strengthened and NZDAUD is also lower, now trading at the 0.9300 mark; Brazilian real down 6% on the President's corruption allegations
19th May 17, 7:57am
USD recovered after being supported by strong data; NZDUSD below the 0.6900 level as USD strengthened and NZDAUD is also lower, now trading at the 0.9300 mark; Brazilian real down 6% on the President's corruption allegations
NZD up 0.8% against the USD as the risk off mood sees the USD index 0.6% lower; UST yields down 6 bps and 11 bps for the 2 yr and 10 yr rates respectively; local yields were down across the curve yesterday and further downward pressure is expected today
18th May 17, 8:15am
NZD up 0.8% against the USD as the risk off mood sees the USD index 0.6% lower; UST yields down 6 bps and 11 bps for the 2 yr and 10 yr rates respectively; local yields were down across the curve yesterday and further downward pressure is expected today
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
17th May 17, 8:21am
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
16th May 17, 8:36am
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
Under-shooting US data weighs on greenback even as markets still expect Fed rate hike. RBNZ's 'purposeful easing' still being absorbed by traders
15th May 17, 8:11am
Under-shooting US data weighs on greenback even as markets still expect Fed rate hike. RBNZ's 'purposeful easing' still being absorbed by traders
While markets don't buy RBNZ projections, they do accept that rate changes won't happen til inflation well over 2%. NZD's fall only takes it back to last week's level
12th May 17, 8:16am
While markets don't buy RBNZ projections, they do accept that rate changes won't happen til inflation well over 2%. NZD's fall only takes it back to last week's level
NOK, NZD, CAD and AUD are all up between 0.3-0.7% of the USD as oil prices rebound 3.5%; Trump's surprise sacking of FBI director Comey has little impact on the market; EUR loses afterglow from French election result
11th May 17, 8:05am
NOK, NZD, CAD and AUD are all up between 0.3-0.7% of the USD as oil prices rebound 3.5%; Trump's surprise sacking of FBI director Comey has little impact on the market; EUR loses afterglow from French election result
USD continues to rise as Fed speakers state that economic outlook unchanged despite recent data; AUDUSD probed fresh lows since January, down 0.7%, and has found support at 0.7340; NZD now below 0.6900 USD and just under 0.9400 AUD
10th May 17, 8:01am
USD continues to rise as Fed speakers state that economic outlook unchanged despite recent data; AUDUSD probed fresh lows since January, down 0.7%, and has found support at 0.7340; NZD now below 0.6900 USD and just under 0.9400 AUD
Increased risk appetite has seen higher global bond yields, UST up 2-3 bps across the board, which, if sustained, should follow through to NZ rates; USD boosted by softer EUR; NZD has kept up with the USD, now trading at 0.6915
9th May 17, 8:22am
Increased risk appetite has seen higher global bond yields, UST up 2-3 bps across the board, which, if sustained, should follow through to NZ rates; USD boosted by softer EUR; NZD has kept up with the USD, now trading at 0.6915
NZD outperforms all majors to trade at 0.6920 USD and 0.9320 AUD; USD fell after release of employment report, UST yields largely unaffected; local short end rates look to RBNZ announcement for direction
8th May 17, 8:10am
NZD outperforms all majors to trade at 0.6920 USD and 0.9320 AUD; USD fell after release of employment report, UST yields largely unaffected; local short end rates look to RBNZ announcement for direction
NZD has suffered from a recent drop in commodity prices even though NZ commodity prices have held up, currently trading at 0.6855 USD; USD reversed gains from FOMC announcement as EUR strengthened
5th May 17, 8:10am
NZD has suffered from a recent drop in commodity prices even though NZ commodity prices have held up, currently trading at 0.6855 USD; USD reversed gains from FOMC announcement as EUR strengthened
AUD was the weakest performer of the day, down 1.4% to 0.7430 USD; spillover effects have seen NZDUSD drop back below the 0.6900 level and it is trading around the session lows of 0.6880; FOMC statement pushed USD slightly higher
4th May 17, 8:19am
AUD was the weakest performer of the day, down 1.4% to 0.7430 USD; spillover effects have seen NZDUSD drop back below the 0.6900 level and it is trading around the session lows of 0.6880; FOMC statement pushed USD slightly higher
NZD up 0.4% to 0.6935 USD and back above the 0.9200 AUD level; VIX index continues to hover around a historically low level of 10; China growth slows; WTI Crude Oil down 2% to below US$48/brl
3rd May 17, 8:05am
NZD up 0.4% to 0.6935 USD and back above the 0.9200 AUD level; VIX index continues to hover around a historically low level of 10; China growth slows; WTI Crude Oil down 2% to below US$48/brl
NZD and AUD head the leaderboard as they rise to 0.6910 and 0.7530 USD, NZDAUD trades at 0.9175; US data releases were on the soft side, but this only temporarily affected the USD as it ended the day almost flat
2nd May 17, 8:27am
NZD and AUD head the leaderboard as they rise to 0.6910 and 0.7530 USD, NZDAUD trades at 0.9175; US data releases were on the soft side, but this only temporarily affected the USD as it ended the day almost flat
NZD ended the week at 0.6866 USD, falling 2% in the month of April and about 6% over the last three months on a TWI basis; NZ rates were lower on Friday, 1-2 bps down across the curve; US GDP lower than expected, but market reaction was limited
1st May 17, 8:22am
NZD ended the week at 0.6866 USD, falling 2% in the month of April and about 6% over the last three months on a TWI basis; NZ rates were lower on Friday, 1-2 bps down across the curve; US GDP lower than expected, but market reaction was limited
NZDUSD briefly fell to around 0.6850, below December's low, and currently trades at the 0.6875 level; ECB to “keep rates at present or lower levels for extended period of time”; SEK worst performer as Swedish central bank to purchase government bonds
28th Apr 17, 7:53am
NZDUSD briefly fell to around 0.6850, below December's low, and currently trades at the 0.6875 level; ECB to “keep rates at present or lower levels for extended period of time”; SEK worst performer as Swedish central bank to purchase government bonds
NZDUSD trading lower at 0.6880, as USD strength continued to dominate markets; USD supported by Trump's tax cuts; AUDUSD also traded lower to 0.7470 and NZDAUD is at 0.9215
27th Apr 17, 7:44am
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NZDUSD trading lower at 0.6880, as USD strength continued to dominate markets; USD supported by Trump's tax cuts; AUDUSD also traded lower to 0.7470 and NZDAUD is at 0.9215
Market friendly French election result has seen an increase in global risk appetite; NZD, however, has not benefited from this and is trading at 0.6950 USD and 0.9220 AUD; EUR remains in favour and JPY suffers
26th Apr 17, 7:33am
Market friendly French election result has seen an increase in global risk appetite; NZD, however, has not benefited from this and is trading at 0.6950 USD and 0.9220 AUD; EUR remains in favour and JPY suffers
NZD opens at 0.7040 USD making small gains on most of the crosses; EUR jumped up to 1.0930 USD this morning, up 1.8%, after exit polls indicated that Macron would be the likely winner of the French election; CAD and NOK lower as WTI Crude Oil fell 2%
24th Apr 17, 7:43am
NZD opens at 0.7040 USD making small gains on most of the crosses; EUR jumped up to 1.0930 USD this morning, up 1.8%, after exit polls indicated that Macron would be the likely winner of the French election; CAD and NOK lower as WTI Crude Oil fell 2%
NZD and local rates moved up after CPI release but subsequently reversed some gains, NZDUSD currently at 0.7010 and 2yr and 10yr swaps at 2.32% and 3.30%; despite soft data releases recently, US Fed speakers still looking to raise rates as planned
21st Apr 17, 7:51am
NZD and local rates moved up after CPI release but subsequently reversed some gains, NZDUSD currently at 0.7010 and 2yr and 10yr swaps at 2.32% and 3.30%; despite soft data releases recently, US Fed speakers still looking to raise rates as planned
NZD drops to the 0.7000 level against the USD as the USD finds some support after a weak run; AUD worst performer of the day, now trading around 0.7500 USD and 0.9340 NZD; GBP loses some gains made from the election announcement
20th Apr 17, 7:39am
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NZD drops to the 0.7000 level against the USD as the USD finds some support after a weak run; AUD worst performer of the day, now trading around 0.7500 USD and 0.9340 NZD; GBP loses some gains made from the election announcement
NZD trades close to 0.7040 USD, around its high for the session, and above 0.9300 AUD; GBPUSD up over 2% as an early UK election announced; US Treasury rates lower on weak CPI data and delayed fiscal stimulus, 10yr rate down 7bps
19th Apr 17, 8:09am
NZD trades close to 0.7040 USD, around its high for the session, and above 0.9300 AUD; GBPUSD up over 2% as an early UK election announced; US Treasury rates lower on weak CPI data and delayed fiscal stimulus, 10yr rate down 7bps