FOMC
JPY and CHF that have outperformed over the past 24 hours, while the USD is lower against all the majors; GBP has also performed well; NZD trades this morning at 0.7380 near the level at the NZ close; AUD has been the worst performer for the day
16th Feb 18, 8:11am
JPY and CHF that have outperformed over the past 24 hours, while the USD is lower against all the majors; GBP has also performed well; NZD trades this morning at 0.7380 near the level at the NZ close; AUD has been the worst performer for the day
US CPI rose by 0.3% m/m in January, 0.1 percentage points ahead of market expectations; US Treasury rates were higher across the curve; CPI's positive impact on the USD quickly faded; NZD is currently trading around 0.7340 USD
15th Feb 18, 7:53am
US CPI rose by 0.3% m/m in January, 0.1 percentage points ahead of market expectations; US Treasury rates were higher across the curve; CPI's positive impact on the USD quickly faded; NZD is currently trading around 0.7340 USD
The Fed's Powell and Mester play their roles, seeing 'great progress' and 'upside risks'. Market eyes on US CPI with consensus variance the trigger for reaction
14th Feb 18, 8:25am
The Fed's Powell and Mester play their roles, seeing 'great progress' and 'upside risks'. Market eyes on US CPI with consensus variance the trigger for reaction
The two safe-haven currencies, JPY and CHF have outperformed; softer USD sees EUR up 0.5% to 1.2360 and GBP up 0.3% to 1.3880; commodity currencies have underperformed; NZDUSD has nudged up to 0.7280
14th Feb 18, 7:50am
The two safe-haven currencies, JPY and CHF have outperformed; softer USD sees EUR up 0.5% to 1.2360 and GBP up 0.3% to 1.3880; commodity currencies have underperformed; NZDUSD has nudged up to 0.7280
Higher global rates start to feed into local markets. Markets ignoring dovish RBNZ views. Rising US debt getting ratings agency attention
13th Feb 18, 8:16am
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Higher global rates start to feed into local markets. Markets ignoring dovish RBNZ views. Rising US debt getting ratings agency attention
NZD peaked around the local close at 0.7277 yesterday and has back nudged down to 0.7240; EUR, GBP and JPY changes versus the USD are all currently within 0.1% of the weekend close
13th Feb 18, 7:58am
NZD peaked around the local close at 0.7277 yesterday and has back nudged down to 0.7240; EUR, GBP and JPY changes versus the USD are all currently within 0.1% of the weekend close
USD held on to its gains seen earlier in the week; NZD was up 0.5% to 0.7255 USD, reducing its loss for the week to just 0.6%; GBP was the worst performer
12th Feb 18, 8:31am
USD held on to its gains seen earlier in the week; NZD was up 0.5% to 0.7255 USD, reducing its loss for the week to just 0.6%; GBP was the worst performer
Economic analysts and markets view the rising tide of US Government debt differently. US curves steepen. Economists see four Fed hikes in 2018, markets now less than three
12th Feb 18, 8:16am
Economic analysts and markets view the rising tide of US Government debt differently. US curves steepen. Economists see four Fed hikes in 2018, markets now less than three
NZD is around half a cent lower than this time yesterday with most of that move happening in the immediate aftermath of the RBNZ MPS; AUD also weakened around 0.5% overnight; the USD DXY index is at 2 week highs but remains down for the year
9th Feb 18, 8:02am
NZD is around half a cent lower than this time yesterday with most of that move happening in the immediate aftermath of the RBNZ MPS; AUD also weakened around 0.5% overnight; the USD DXY index is at 2 week highs but remains down for the year
Stock markets slide again and bond yields rise again. Bank of England surprises markets. Fed officials brush off concerns, says sell-off "small potatoes"
9th Feb 18, 8:01am
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Stock markets slide again and bond yields rise again. Bank of England surprises markets. Fed officials brush off concerns, says sell-off "small potatoes"
Volativility calms, equity losses pared as earnings still beating expectations. Markets see 85% chance of March Fed hike. Eyes turn to RBNZ
8th Feb 18, 7:58am
Volativility calms, equity losses pared as earnings still beating expectations. Markets see 85% chance of March Fed hike. Eyes turn to RBNZ
The USD DXY index is up 0.6% on the day and is now up around 2% from the multi-year lows reached in late January; NZD is back down to around 0.7260; EUR has fallen to a 2 week low against the USD
8th Feb 18, 7:58am
The USD DXY index is up 0.6% on the day and is now up around 2% from the multi-year lows reached in late January; NZD is back down to around 0.7260; EUR has fallen to a 2 week low against the USD
US stocks down sharply, erasing gains for 2018; bond yields moved sharply lower in response to the sharp declines in stock markets; NZD is close to 0.7300 USD, similar to where it closed last week
7th Feb 18, 7:56am
US stocks down sharply, erasing gains for 2018; bond yields moved sharply lower in response to the sharp declines in stock markets; NZD is close to 0.7300 USD, similar to where it closed last week
USD back in favour on 'position reduction' by US investors. NZD drops by more than 1%. The AUD fell more. The GBP also slumped on data and political turmoil
5th Feb 18, 7:59am
USD back in favour on 'position reduction' by US investors. NZD drops by more than 1%. The AUD fell more. The GBP also slumped on data and political turmoil
Faster, unexpected US wage growth spooks markets with bond yields jumping, stock prices falling. Local rates steepen and may do so further today ahead of NZ jobs report and RBNZ review
5th Feb 18, 7:50am
Faster, unexpected US wage growth spooks markets with bond yields jumping, stock prices falling. Local rates steepen and may do so further today ahead of NZ jobs report and RBNZ review
Various USD indices were down around 0.3% for the day; NZD finds itself back up to the 0.7400 USD mark; EUR is back up probing the 1.25 USD mark; GBP has largely managed to keep pace with the EUR
2nd Feb 18, 7:48am
Various USD indices were down around 0.3% for the day; NZD finds itself back up to the 0.7400 USD mark; EUR is back up probing the 1.25 USD mark; GBP has largely managed to keep pace with the EUR
NZD has performed well amidst a mildly softer USD backdrop, now trading at 0.7370 USD; NZDAUD moved on to a higher plane to around 0.9140 after the Australian CPI result; JPY has been the weakest of the majors
1st Feb 18, 7:59am
NZD has performed well amidst a mildly softer USD backdrop, now trading at 0.7370 USD; NZDAUD moved on to a higher plane to around 0.9140 after the Australian CPI result; JPY has been the weakest of the majors
USD appears to be in some sort of consolidation mode over recent days, after the steady fall we’ve seen since mid-December; US 10-year yields have consolidated around the 2.70% mark; NZD trading at 0.7335 USD after dipping to 0.7280 last evening
31st Jan 18, 7:58am
USD appears to be in some sort of consolidation mode over recent days, after the steady fall we’ve seen since mid-December; US 10-year yields have consolidated around the 2.70% mark; NZD trading at 0.7335 USD after dipping to 0.7280 last evening
UST 10-year yield up 4bps from the weekend close to 2.70% and poking its head above 2.725%; USD is on a higher trajectory, rising against all the majors; NZD is weaker, closing in on 0.7300
30th Jan 18, 8:06am
UST 10-year yield up 4bps from the weekend close to 2.70% and poking its head above 2.725%; USD is on a higher trajectory, rising against all the majors; NZD is weaker, closing in on 0.7300
Trump 'corrects' Mnuchin on USD, BofJ says inflation farget close, Aussie dollar on the rise, currency market ignore weak NZ CPI
29th Jan 18, 8:16am
Trump 'corrects' Mnuchin on USD, BofJ says inflation farget close, Aussie dollar on the rise, currency market ignore weak NZ CPI
NZD fell more than a cent against the USD immediately after the CPI release but has recovered some of that on USD weakness; NZDAUD has consolidated just above 0.91; EUR rose above 1.25 USD, a new 3 year high
26th Jan 18, 7:54am
NZD fell more than a cent against the USD immediately after the CPI release but has recovered some of that on USD weakness; NZDAUD has consolidated just above 0.91; EUR rose above 1.25 USD, a new 3 year high
USD was weaker across the board overnight; NZD is above 0.7400 USD at the time of writing; NZDAUD is largely unchanged; US 10 year Treasury yields have risen back to 2.65%
25th Jan 18, 7:40am
USD was weaker across the board overnight; NZD is above 0.7400 USD at the time of writing; NZDAUD is largely unchanged; US 10 year Treasury yields have risen back to 2.65%
NZD continued to rise and is now around 0.7350 USD; JPY was the top performing currency, rising half a percent against the USD; 10 year Treasury yield is 2.63%, having reached a 3-year high of 2.66% earlier this week
24th Jan 18, 7:52am
NZD continued to rise and is now around 0.7350 USD; JPY was the top performing currency, rising half a percent against the USD; 10 year Treasury yield is 2.63%, having reached a 3-year high of 2.66% earlier this week
The backdrop of improving global growth, rising risk appetite and strengthening commodities have all supported the NZD; US Senate leaders announced that they had agreed a deal to end the US government shutdown; GBP was the strongest currency overnight
23rd Jan 18, 8:16am
The backdrop of improving global growth, rising risk appetite and strengthening commodities have all supported the NZD; US Senate leaders announced that they had agreed a deal to end the US government shutdown; GBP was the strongest currency overnight
US funding shenanigans weigh on greenback. Apple to make massive repatriation. Other US data mixed. China data positive. NZD holds its own
19th Jan 18, 8:34am
US funding shenanigans weigh on greenback. Apple to make massive repatriation. Other US data mixed. China data positive. NZD holds its own