US$
NZD drops below the 0.7100 USD mark, now trading at 0.7065; USD supported by positive US economic news and Fed speakers affirming rate hike plan; AUD bottom of the leaderboard, down to 0.7380 USD, NZDAUD trading at 0.9570
2nd Jun 17, 8:21am
NZD drops below the 0.7100 USD mark, now trading at 0.7065; USD supported by positive US economic news and Fed speakers affirming rate hike plan; AUD bottom of the leaderboard, down to 0.7380 USD, NZDAUD trading at 0.9570
Oil down 3% as traders lose conviction that production cuts will reduce inventory, CAD and AUD down about 0.4%; NZD trading at 0.71 USD mark, on track to be the best performing currency for the month
1st Jun 17, 8:33am
Oil down 3% as traders lose conviction that production cuts will reduce inventory, CAD and AUD down about 0.4%; NZD trading at 0.71 USD mark, on track to be the best performing currency for the month
USD on a modest downward trend since last evening, TWI down 0.2%; despite weak inflation data, the market is still pricing in an 84% chance of a Fed rate hike next month; German inflation slowed more than expected
31st May 17, 7:58am
USD on a modest downward trend since last evening, TWI down 0.2%; despite weak inflation data, the market is still pricing in an 84% chance of a Fed rate hike next month; German inflation slowed more than expected
NZD is hovering around 0.7060 USD after meeting some resistance near 0.7090 last night; local rates market saw modest upward pressure, reversing some of Friday’s move
30th May 17, 8:09am
NZD is hovering around 0.7060 USD after meeting some resistance near 0.7090 last night; local rates market saw modest upward pressure, reversing some of Friday’s move
NZD gained 0.5% on Friday to be trading at 0.7060 USD, up around 2% for the week; slump in GBP as polls show the Conservative party losing support and consumer confidence declining; WTI Crude Oil recovered 1.8% after a 4.8% plunge
29th May 17, 8:18am
NZD gained 0.5% on Friday to be trading at 0.7060 USD, up around 2% for the week; slump in GBP as polls show the Conservative party losing support and consumer confidence declining; WTI Crude Oil recovered 1.8% after a 4.8% plunge
Commodity currencies lower as oil drops almost 5% on smaller than expected production cuts; NZ budget has little impact on markets; USD recovers some ground, lost due to slightly dovish FOMC minutes released yesterday
26th May 17, 8:12am
Commodity currencies lower as oil drops almost 5% on smaller than expected production cuts; NZ budget has little impact on markets; USD recovers some ground, lost due to slightly dovish FOMC minutes released yesterday
NZDUSD testing 0.7050 level and sits near the top of the leaderboard; Fed minutes from the May meeting supported a June rate hike and a gradual reduction of the balance sheet; Draghi plays down unwarranted side effects from negative rates
25th May 17, 8:26am
NZDUSD testing 0.7050 level and sits near the top of the leaderboard; Fed minutes from the May meeting supported a June rate hike and a gradual reduction of the balance sheet; Draghi plays down unwarranted side effects from negative rates
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
Roger J Kerr says international FX markets have reduced their US dollar exposures as the post election 'Trump rally' unwinds
22nd May 17, 9:27am
Roger J Kerr says international FX markets have reduced their US dollar exposures as the post election 'Trump rally' unwinds
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
Roger J Kerr doesn't expect the current divergence between the rising value of our commodity export prices and the value of the Kiwi dollar to continue for long
15th May 17, 1:33pm
Roger J Kerr doesn't expect the current divergence between the rising value of our commodity export prices and the value of the Kiwi dollar to continue for long
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
Roger J Kerr says several factors are holding back the NZ dollar at the moment, but he does see it rising back over US70c eventually
8th May 17, 1:08pm
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Roger J Kerr says several factors are holding back the NZ dollar at the moment, but he does see it rising back over US70c eventually
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