21 May 18, 8:24am
A relief bounce following the Budget comes as hedge fund book squaring stops the slide in the NZD and other selling forces run out of steam at US$0.6850
21 May 18, 8:04am
Political risk on Italy weighs on the euro. Japan inflation weighs on the yen. NAFTA talks weigh on the CAD. Through all this the NZD comes through well
18 May 18, 8:10am
US bond yields continue to track higher, with the 10-year rate currently trading at 3.11%; NZD is down 0.3% for the day to 0.6875; GBP has been a bit choppy
17 May 18, 8:06am
NZD is having a much better day after its recent rout; NZ rates across the curve and some steepening; UST yields sustained yesterday’s upward move; EUR has been under a bit of pressure
16 May 18, 8:16am
Renewed inflation signals push UST yields up strongly; further rises anticipated. Chances of an extra rate hike in 2018 increase
16 May 18, 8:13am
The move higher in US yields has boosted the USD across the board; GBP has been one of the outperformers in the FX market overnight; NZD is once again one of the underperformers
15 May 18, 8:08am
NZD has been the underperformer in FX markets overnight, now trading at 0.6920 USD; NZ swap rates continued to move lower yesterday; European bond yields rose after news that the ECB was planning on raising rates at some point in 2019
14 May 18, 8:29am
Interpretation of Orr's first MPS has been unrealisticaly conservative, ignoring the realities of our economy, says James Riley. The most likely direction of the NZD is up
14 May 18, 8:07am
USD closed the week slightly lower against most of the G10, although the movements were very modest; NZD traded a narrow range on Friday night, ending the week just below 0.6970 USD; Budget on Thursday is the key event for the local rates
12 May 18, 9:22am
Housing mortgage rates are more likely to go down rather than up despite increased US dollar funding costs for New Zealand banks
11 May 18, 7:58am
NZD is the worst performing currency the past 24 hours; local rates lower; GBP was the second worst performing currency; USD fell after a slightly lower than expected US core CPI release; UST yields declined slightly
10 May 18, 8:11am
UST 10yr up over 3% again despite weaker US PPI. Eyes on US CPI data. Eyes also on the new RBNZ Governor and the MPS
9 May 18, 7:59am
USD has extended its recent gains overnight, with the Bloomberg DXY moving up to a new high for 2018; NZD broke below 0.70 to a low of 0.6954, before bouncing back slightly to 0.6965; US 10 year Treasury is up 2bps to 2.97%
8 May 18, 8:29am
Oil prices pushed on to a new post-2014 high; USD is generally stronger, with the Bloomberg DXY and the (euro-centric) DXY both making new highs for 2018; GBP is the strongest currency in the G10
7 May 18, 9:02am
Roger J Kerr analyses the likely range of trading for the Kiwi dollar in coming months and the reasons why
7 May 18, 8:23am
USD moved higher after payrolls, in tandem with the increase in Treasury yields off the intraday lows, Bloomberg DXY was up 0.2%; NZD hit a low of 0.6994 after payrolls, before recovering to end the week at 0.7020
7 May 18, 7:46am
Mixed US payrolls data, deadlocked China talks, EMs doing it tough, but UST 10yr yields little changed at 2.95%. Eyes on commodity risks
3 May 18, 8:03am
USD index (BBDXY) has lost about 0.25% since the FOMC announcement; NZD sits this morning at 0.7020, up from the overnight low of 0.6996 immediately before the FOMC; local market saw a slight steepening of the yield curve
2 May 18, 8:07am
NZD temporarily broke down through 0.70 although it has managed to hold just above 0.70 over the past few hours; USD indices up 0.5-0.7%; UST rates are about 1bp higher across the curve; weakest of the majors has been the GBP
1 May 18, 8:06am
Key US inflation data overnight were in line with expectations; USD has weakened slightly since the inflation data release; AUD has underperformed alongside the NZD which sees the NZDAUD cross flat around 0.9345


27 Apr 18, 7:43am
26 Apr 18, 8:12am
26 Apr 18, 8:10am
24 Apr 18, 8:11am
24 Apr 18, 7:55am
23 Apr 18, 11:43am
20 Apr 18, 8:10am
20 Apr 18, 7:43am
19 Apr 18, 8:07am
19 Apr 18, 7:43am
18 Apr 18, 8:10am
18 Apr 18, 8:09am
17 Apr 18, 7:55am
16 Apr 18, 9:58am
13 Apr 18, 7:58am
12 Apr 18, 7:45am
11 Apr 18, 7:54am
9 Apr 18, 9:07am