Yen

Roger J Kerr says the probability of a jumbo 0.50% US interest rate cut in September will increase if upcoming economic data prints on the softer side - which he expects it to do

Roger J Kerr says the probability of a jumbo 0.50% US interest rate cut in September will increase if upcoming economic data prints on the softer side - which he expects it to do

Global bond yields closed higher despite limited economic data. Gold prices whipsaw on confusion about US tariffs on imports of gold bars. US equities extend recent gains

Global bond yields closed higher despite limited economic data. Gold prices whipsaw on confusion about US tariffs on imports of gold bars. US equities extend recent gains

Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates

Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates

Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher

Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher

US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher

US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher

US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply

US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply

Roger J Kerr says the US Fed and the markets have been fed fake news and misinformation on the state of the US economy as measured by employment trends

Roger J Kerr says the US Fed and the markets have been fed fake news and misinformation on the state of the US economy as measured by employment trends

Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases

Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases

US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year

US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year

Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates

Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates

Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook

Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook

Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises

Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises

Roger J Kerr says a global trade scenario is emerging that could be of real benefit to New Zealand as an export-reliant economy

Roger J Kerr says a global trade scenario is emerging that could be of real benefit to New Zealand as an export-reliant economy

S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings

S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings

ECB leave rates on hold and suggests the bar is raised for additional easing. German bond yields move higher led by the front end of the curve. Upbeat risk sentiment contributes to further gains for global equities

ECB leave rates on hold and suggests the bar is raised for additional easing. German bond yields move higher led by the front end of the curve. Upbeat risk sentiment contributes to further gains for global equities