VIX
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
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
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%
NZD is showing signs of forming a base after its initial swoon following the formation of a new government; USD has managed to hold onto gains seen since Friday; GBP has been supported over the past couple of trading sessions
24th Oct 17, 8:00am
NZD is showing signs of forming a base after its initial swoon following the formation of a new government; USD has managed to hold onto gains seen since Friday; GBP has been supported over the past couple of trading sessions
NZD significantly lower, down between 1.5% and 2.3% on all crosses, trading as low as 0.7012 USD and 0.8910 AUD; globally a slightly risk-off tone has enveloped the markets overnight
20th Oct 17, 7:43am
NZD significantly lower, down between 1.5% and 2.3% on all crosses, trading as low as 0.7012 USD and 0.8910 AUD; globally a slightly risk-off tone has enveloped the markets overnight
NZD modestly weaker on dairy auction, Government announcement. Market yawns at China speech. ECB taper to be 'drawn out'. Global bond rates push higher
19th Oct 17, 8:00am
NZD modestly weaker on dairy auction, Government announcement. Market yawns at China speech. ECB taper to be 'drawn out'. Global bond rates push higher
USD up on all key crosses, up 0.25% on the TWI majors index; UST 10yr yields traded up to 2.32% before settling just above 2.30%; NZD little changed after trading a 50 point range; strong CPI data put upwards pressure on local rates
18th Oct 17, 7:47am
USD up on all key crosses, up 0.25% on the TWI majors index; UST 10yr yields traded up to 2.32% before settling just above 2.30%; NZD little changed after trading a 50 point range; strong CPI data put upwards pressure on local rates
Spot rates within 0.1% of last week's close against the USD, except for a softer CAD and AUD; NZD stuck in a range between 0.7165 and 0.7195 USD; GBP saw a little bit of volatility, up a bit as PM May heads to Brussels
17th Oct 17, 8:00am
Spot rates within 0.1% of last week's close against the USD, except for a softer CAD and AUD; NZD stuck in a range between 0.7165 and 0.7195 USD; GBP saw a little bit of volatility, up a bit as PM May heads to Brussels
US data shows inflation lower than expected, retail sales and confidence higher. Yellen expects inflation to move higher; not everyone agrees. USD falls, then recovers. NZD ready for political risk reaction
16th Oct 17, 7:48am
US data shows inflation lower than expected, retail sales and confidence higher. Yellen expects inflation to move higher; not everyone agrees. USD falls, then recovers. NZD ready for political risk reaction
GBP has had a wild ride overnight on the ebb and flow of Brexit talk headlines; NZD and AUD have performing strongly; US dollar index currently sits flat on the day, halting a four day decline
13th Oct 17, 8:13am
GBP has had a wild ride overnight on the ebb and flow of Brexit talk headlines; NZD and AUD have performing strongly; US dollar index currently sits flat on the day, halting a four day decline
NZD tracks sideways after 8 consecutive days of falling; EUR continued to show signs of modest recovery; US Fed minutes show that participants are concerned that low inflation readings may be due to persistent factors
12th Oct 17, 7:53am
NZD tracks sideways after 8 consecutive days of falling; EUR continued to show signs of modest recovery; US Fed minutes show that participants are concerned that low inflation readings may be due to persistent factors
USD traded lower overnight, down moderately against all majors; European currencies rose overnight, reflecting a soft USD; NZD has generally underperformed, up just 0.1% against a weaker USD
11th Oct 17, 8:01am
USD traded lower overnight, down moderately against all majors; European currencies rose overnight, reflecting a soft USD; NZD has generally underperformed, up just 0.1% against a weaker USD
NZDUSD opens this morning around 0.7070, while NZDAUD sits close to 0.9110; GBP gained some support; EUR up 0.2% to close at 1.1750
10th Oct 17, 7:57am
NZDUSD opens this morning around 0.7070, while NZDAUD sits close to 0.9110; GBP gained some support; EUR up 0.2% to close at 1.1750
NZD closed the week at 0.7090 USD, after falling to a low 0.7059; market pricing in an 80% chance of a Fed rate hike in December, after a strong US employment report; UST 10yr yields were 1 bp higher relative to NZ close
9th Oct 17, 8:05am
NZD closed the week at 0.7090 USD, after falling to a low 0.7059; market pricing in an 80% chance of a Fed rate hike in December, after a strong US employment report; UST 10yr yields were 1 bp higher relative to NZ close
USD has made broadly based gains as some clouds overhang other currencies; AUD was hit yesterday after much weaker than expected retail sales data; fall in the NZD to below 0.7120 reflects the combination of USD strength and some spillover from a soft AUD
6th Oct 17, 7:49am
USD has made broadly based gains as some clouds overhang other currencies; AUD was hit yesterday after much weaker than expected retail sales data; fall in the NZD to below 0.7120 reflects the combination of USD strength and some spillover from a soft AUD
NZD trading around the 0.7160 USD level; broad-based USD weakness was seen during the local trading session; AUD has slightly outperformed, which sees NZDAUD down slightly at 0.9120
5th Oct 17, 7:53am
NZD trading around the 0.7160 USD level; broad-based USD weakness was seen during the local trading session; AUD has slightly outperformed, which sees NZDAUD down slightly at 0.9120
NZD has traded in a tight 0.7150-0.7250 USD range for much of the past week and currently sits near the bottom of that range; NZDAUD dropped to around 0.9140; GBP was on the soft side
4th Oct 17, 7:32am
NZD has traded in a tight 0.7150-0.7250 USD range for much of the past week and currently sits near the bottom of that range; NZDAUD dropped to around 0.9140; GBP was on the soft side