VIX
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
26th Feb 18, 8:17am
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
26th Feb 18, 8:11am
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
23rd Feb 18, 7:56am
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
23rd Feb 18, 7:50am
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
22nd Feb 18, 8:00am
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
22nd Feb 18, 7:54am
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
A heavy wave of US T-bill and Treasury bond issuance starts week to support widening US fiscal deficit. Bid-cover lowest in a decade, foreign central banks buying
21st Feb 18, 8:25am
A heavy wave of US T-bill and Treasury bond issuance starts week to support widening US fiscal deficit. Bid-cover lowest in a decade, foreign central banks buying
USD major currency TWI is up 0.5% for the session, taking its cumulative gain since the intraday low on Friday to 1.5%; NZD has traded in a tight range overnight and sits this morning around 0.7350 USD; GBP has been the strongest of the majors
21st Feb 18, 8:22am
USD major currency TWI is up 0.5% for the session, taking its cumulative gain since the intraday low on Friday to 1.5%; NZD has traded in a tight range overnight and sits this morning around 0.7350 USD; GBP has been the strongest of the majors
USD has wriggled higher, adding to the recovery it started late last week; NZDUSD pushed slowly higher yesterday reaching 0.7410 before drifting lower; AUD slightly outperformed the NZD overnight, checking the recent gains in NZDAUD
20th Feb 18, 8:30am
USD has wriggled higher, adding to the recovery it started late last week; NZDUSD pushed slowly higher yesterday reaching 0.7410 before drifting lower; AUD slightly outperformed the NZD overnight, checking the recent gains in NZDAUD
Various USD indices recovered by 0.8-0.9% by the close of the week; NZD was modestly higher on most of the crosses; EUR was the weakest, closing near 1.2400 USD
19th Feb 18, 8:22am
Various USD indices recovered by 0.8-0.9% by the close of the week; NZD was modestly higher on most of the crosses; EUR was the weakest, closing near 1.2400 USD
US public holiday brings light calendar. Impressive US data overshadowed by Mueller's indictments, and impending tariff actions. Fed minutes eyed for clues about number of hikes
19th Feb 18, 7:54am
US public holiday brings light calendar. Impressive US data overshadowed by Mueller's indictments, and impending tariff actions. Fed minutes eyed for clues about number of hikes
Equities signal risk-on but bonds don't play by the same script. EU surplus with US grows. NZ rates play catchup with USTs with NZG 10yr yield rising
16th Feb 18, 8:14am
Equities signal risk-on but bonds don't play by the same script. EU surplus with US grows. NZ rates play catchup with USTs with NZG 10yr yield rising
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