US$
USD has sustained the fall seen post the slightly dovish FOMC minutes yesterday; weaker USD saw the NZD push higher, peaking at 0.6905; EUR also pushed up to the 1.1850 USD mark; local yield curve saw some slight downward pressure on rates
24th Nov 17, 8:07am
USD has sustained the fall seen post the slightly dovish FOMC minutes yesterday; weaker USD saw the NZD push higher, peaking at 0.6905; EUR also pushed up to the 1.1850 USD mark; local yield curve saw some slight downward pressure on rates
USD has struggled and is the biggest loser; US equities are flat around record highs while UST yields are down slightly; NZD up to 0.6860 USD and has managed to hold its ground on all the key major crosses; NZ bond market continues to be well supported
23rd Nov 17, 7:44am
USD has struggled and is the biggest loser; US equities are flat around record highs while UST yields are down slightly; NZD up to 0.6860 USD and has managed to hold its ground on all the key major crosses; NZ bond market continues to be well supported
NZDUSD pushed up to around 0.6840 overnight, having dipped below 0.6800 yesterday, currently it sits at 0.6830; US dollar marginally lower, with the DXY Index down about 0.2%; AUD remained under downwards pressure yesterday; GBP has held onto recent gains
22nd Nov 17, 7:59am
NZDUSD pushed up to around 0.6840 overnight, having dipped below 0.6800 yesterday, currently it sits at 0.6830; US dollar marginally lower, with the DXY Index down about 0.2%; AUD remained under downwards pressure yesterday; GBP has held onto recent gains
Commodity currencies remain generally out of favour; NZD/USD did push up toward 0.6840 after the local close yesterday, but drifted back with USD strength overnight; EUR has been on its own mini roller coaster at the start of the week
21st Nov 17, 8:03am
Commodity currencies remain generally out of favour; NZD/USD did push up toward 0.6840 after the local close yesterday, but drifted back with USD strength overnight; EUR has been on its own mini roller coaster at the start of the week
Roger J Kerr says while the Kiwi dollar has for now been dragged down by a lower Australian currency, he expects markets will soon start to factor in the likelihood of the RBNZ bringing forward interest rate rises here
20th Nov 17, 10:39am
Roger J Kerr says while the Kiwi dollar has for now been dragged down by a lower Australian currency, he expects markets will soon start to factor in the likelihood of the RBNZ bringing forward interest rate rises here
Commodity currencies, including the NZD, underperformed on Friday; NZD was down against all key crosses, making fresh lows against the EUR and GBP; JPY was the best performing major
20th Nov 17, 7:52am
Commodity currencies, including the NZD, underperformed on Friday; NZD was down against all key crosses, making fresh lows against the EUR and GBP; JPY was the best performing major
NZD sits at 0.6860 USD after testing support at 0.6820-0.6840; equities rebound after five consecutive daily falls; UST rates 2-3 bps higher across the curve; local swap rates lower at the long end
17th Nov 17, 7:56am
NZD sits at 0.6860 USD after testing support at 0.6820-0.6840; equities rebound after five consecutive daily falls; UST rates 2-3 bps higher across the curve; local swap rates lower at the long end
NZD remains steady at around 0.6875 USD after rising to 0.6920 last evening on the back of USD weakness; UST 10yr yields fell to 2.32% before CPI data helped it get back to 2.34%; lower global rates placed downward pressure on the local swap curve
16th Nov 17, 7:42am
NZD remains steady at around 0.6875 USD after rising to 0.6920 last evening on the back of USD weakness; UST 10yr yields fell to 2.32% before CPI data helped it get back to 2.34%; lower global rates placed downward pressure on the local swap curve
EUR higher on German GDP results; USD indices retreat, reflecting EUR strength; NZD fell to 0.6850 USD but recovered some losses to currently trade at 0.6880; NZDAUD came under pressure following positive AU business conditions data
15th Nov 17, 8:05am
EUR higher on German GDP results; USD indices retreat, reflecting EUR strength; NZD fell to 0.6850 USD but recovered some losses to currently trade at 0.6880; NZDAUD came under pressure following positive AU business conditions data
GBP at the bottom of the leaderboard; USD slightly higher; NZDUSD faces downside risk; AUDUSD continues to probe lower; global yields lower; local yields tried to push higher, reflecting global moves from the previous session
14th Nov 17, 8:02am
GBP at the bottom of the leaderboard; USD slightly higher; NZDUSD faces downside risk; AUDUSD continues to probe lower; global yields lower; local yields tried to push higher, reflecting global moves from the previous session
Roger J Kerr sees a more positive scenario for the economy emerging over coming months, which will be supportive for the Kiwi dollar
13th Nov 17, 11:42am
Roger J Kerr sees a more positive scenario for the economy emerging over coming months, which will be supportive for the Kiwi dollar
NZD lifted from its pre-MPS level of 0.6925 to 0.6970 during the RBNZ press conference and has held up well since then; RBNZ significantly revised upwards its CPI inflation track; USD is slightly weaker on tax bill negotiations
10th Nov 17, 8:00am
NZD lifted from its pre-MPS level of 0.6925 to 0.6970 during the RBNZ press conference and has held up well since then; RBNZ significantly revised upwards its CPI inflation track; USD is slightly weaker on tax bill negotiations
NZD continues to hover in the low 0.69s; Republicans debate their tax bill; RBNZ’s MPS at 9am this morning could well stir the market; GBP is on the soft side; 10-year Treasuries have traded in a 2bps range; local swap rates flat to slightly down
9th Nov 17, 7:27am
NZD continues to hover in the low 0.69s; Republicans debate their tax bill; RBNZ’s MPS at 9am this morning could well stir the market; GBP is on the soft side; 10-year Treasuries have traded in a 2bps range; local swap rates flat to slightly down
NZD found support after unchanged Policy Targets Agreement. UST curve flattens. Local yields snap back after DMO 'shock'. Higher local inflationary pressure developing
8th Nov 17, 7:55am
NZD found support after unchanged Policy Targets Agreement. UST curve flattens. Local yields snap back after DMO 'shock'. Higher local inflationary pressure developing
Roger J Kerr says interest rates and commodity prices are now key for the Kiwi dollar
6th Nov 17, 10:34am
Roger J Kerr says interest rates and commodity prices are now key for the Kiwi dollar
NZD closed the day slightly weaker, near 0.6910 USD, having twice met resistance around 0.6950; NZDAUD rose 0.7% for the day to 0.9030; US 10-year rate ended at 2.33%, down 1bp from the NZ close; NZ rate curve flattened on Friday
6th Nov 17, 7:57am
NZD closed the day slightly weaker, near 0.6910 USD, having twice met resistance around 0.6950; NZDAUD rose 0.7% for the day to 0.9030; US 10-year rate ended at 2.33%, down 1bp from the NZ close; NZ rate curve flattened on Friday
The US tax bill was viewed by the market as underwhelming, UST 10yr nudged down to 2.34-2.35%; NZD trades at 0.6920 USD after seeing some resistance at 0.6930-0.6940; global forces have pushed local rates down, 10yr swap down 3bps to 3.15%
3rd Nov 17, 8:24am
The US tax bill was viewed by the market as underwhelming, UST 10yr nudged down to 2.34-2.35%; NZD trades at 0.6920 USD after seeing some resistance at 0.6930-0.6940; global forces have pushed local rates down, 10yr swap down 3bps to 3.15%
NZD rose after strong employment data and sustained that increase; FOMC Statement was very similar to the September version, with the changes largely a result of tweaks to language around the Hurricanes; NZDAUD met some resistance around 0.9020
2nd Nov 17, 7:46am
NZD rose after strong employment data and sustained that increase; FOMC Statement was very similar to the September version, with the changes largely a result of tweaks to language around the Hurricanes; NZDAUD met some resistance around 0.9020
NZD is down 0.5% from this time yesterday to 0.6835 USD; soft China PMI data added to the woes of the NZD and dragged down the AUD as well; euro-area economic data showed a strong economy but weak inflation
1st Nov 17, 7:33am
NZD is down 0.5% from this time yesterday to 0.6835 USD; soft China PMI data added to the woes of the NZD and dragged down the AUD as well; euro-area economic data showed a strong economy but weak inflation
NZD started the week on a soft note as hedge funds sold the currency; USD is slightly weaker, with the TWI majors index down 0.2%; GBP is one of the best performers, up 0.6% to 1.3210 USD
31st Oct 17, 8:04am
NZD started the week on a soft note as hedge funds sold the currency; USD is slightly weaker, with the TWI majors index down 0.2%; GBP is one of the best performers, up 0.6% to 1.3210 USD
Roger J Kerr says 'there is no question' the RBNZ will have to bring forward the timing of official interest rate rises
30th Oct 17, 11:24am
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Roger J Kerr says 'there is no question' the RBNZ will have to bring forward the timing of official interest rate rises
NZD was the best performing of the majors, although gains were modest; higher oil prices supported other commodity currencies; EUR the weakest of all majors
30th Oct 17, 7:57am
NZD was the best performing of the majors, although gains were modest; higher oil prices supported other commodity currencies; EUR the weakest of all majors
ECB to halve its bond purchase program to €30 bln in January, EUR weaker and European rate lower on the day; NZD continued lower trend on stronger USD; long dated local swap rates rise a touch
27th Oct 17, 8:02am
ECB to halve its bond purchase program to €30 bln in January, EUR weaker and European rate lower on the day; NZD continued lower trend on stronger USD; long dated local swap rates rise a touch
NZD down to 0.6875 USD but up against the AUD and CAD; Australian CPI data was below expectations, triggering a weaker AUD; EUR supported by German business confidence indicators reaching all-time highs
26th Oct 17, 7:57am
NZD down to 0.6875 USD but up against the AUD and CAD; Australian CPI data was below expectations, triggering a weaker AUD; EUR supported by German business confidence indicators reaching all-time highs
NZD has been the standout performer down 1% to sub-0.69 and near its lows for the session; local swap curve showed rates flat to down 1bp; US 10-year rate nudges higher to 2.41%, past what many consider to be a key technical resistance level of 2.40%
25th Oct 17, 8:15am
NZD has been the standout performer down 1% to sub-0.69 and near its lows for the session; local swap curve showed rates flat to down 1bp; US 10-year rate nudges higher to 2.41%, past what many consider to be a key technical resistance level of 2.40%