VIX
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
15th Dec 17, 7:58am
FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
14th Dec 17, 7:44am
USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
13th Dec 17, 7:53am
NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
12th Dec 17, 8:06am
NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
11th Dec 17, 8:03am
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around 0.6840 USD; there was a slight steepening of the curve after the US employment report
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
8th Dec 17, 7:55am
Markets are waiting for the US employment report, some agreement on the tax bill and to see if the US Government needs a shut down; commodity currencies, including the NZD, underperform; GBP continues to remain the most volatile of the majors
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
7th Dec 17, 7:43am
NZD trades this morning at 0.6870, a similar level as at this time yesterday; AUD came under pressure yesterday; EUR’s downtrend this month has continued; biggest loser for the day has been a weaker CAD
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
6th Dec 17, 8:09am
NZD met some resistance just over the 0.69 mark and has slipped in overnight trading to around 0.6875; higher than expected Australian retail sales gave the AUD a boost yesterday; USD has made some ground against EUR, GBP and JPY
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session
5th Dec 17, 8:07am
NZD trading at 0.6840 USD, close to its session lows; today's direction to be determined by Acting Governor Spencer's speech; GBP has had a volatile session
NZD made up some lost ground, ending the week around 0.6890 USD; USD was weaker, with the TWI major index down 0.6%; global rates were lower, UST 10yr dived 10 bps to 2.32%; local rates had a slight downward bias
4th Dec 17, 8:18am
NZD made up some lost ground, ending the week around 0.6890 USD; USD was weaker, with the TWI major index down 0.6%; global rates were lower, UST 10yr dived 10 bps to 2.32%; local rates had a slight downward bias
NZD is about 0.7% weaker than it was this time yesterday, trading at 0.6840 USD; EUR and GBP have outperformed; month-end flows seem to be dominating USD moves
1st Dec 17, 8:06am
NZD is about 0.7% weaker than it was this time yesterday, trading at 0.6840 USD; EUR and GBP have outperformed; month-end flows seem to be dominating USD moves
GBP is up 0.8% to 1.3445 USD on promising Brexit talks; in the bond markets, yields are up across the board; NZD is around where it closed the local session at 0.6890 USD; local swap rates down 2-3bps
30th Nov 17, 7:52am
GBP is up 0.8% to 1.3445 USD on promising Brexit talks; in the bond markets, yields are up across the board; NZD is around where it closed the local session at 0.6890 USD; local swap rates down 2-3bps
NZD holds the top performing spot for the second day in a row, trading at 0.6925 USD; USD TWI majors index is up 0.3%; UST 2-year rate is flat, while the 10yr rate is down 1bp to 2.32%; local yields were 1 bp lower across the curve
29th Nov 17, 8:15am
NZD holds the top performing spot for the second day in a row, trading at 0.6925 USD; USD TWI majors index is up 0.3%; UST 2-year rate is flat, while the 10yr rate is down 1bp to 2.32%; local yields were 1 bp lower across the curve
NZD up 0.5%, trading at 0.6910 USD after reaching a high of 0.6926 this morning; the gain is broadly based, except against the JPY, which was the other outperformer
28th Nov 17, 8:05am
NZD up 0.5%, trading at 0.6910 USD after reaching a high of 0.6926 this morning; the gain is broadly based, except against the JPY, which was the other outperformer
EUR was the best performer, rising 0.7% to 1.1935 USD; stronger euro spilled over into other European currencies, including GBP; NZD remained tightly range-bound and the ended the week around 0.6880 USD; US Treasury rates rose by 2bps across the curve
27th Nov 17, 8:01am
EUR was the best performer, rising 0.7% to 1.1935 USD; stronger euro spilled over into other European currencies, including GBP; NZD remained tightly range-bound and the ended the week around 0.6880 USD; US Treasury rates rose by 2bps across the curve
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
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
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