Currencies
US economy contracts in Q1 amid a pre-tariff implementation surge in imports. Absolute moves in financial markets relatively small despite the economic data deluge
1st May 25, 7:47am
US economy contracts in Q1 amid a pre-tariff implementation surge in imports. Absolute moves in financial markets relatively small despite the economic data deluge
US economic data awful - exploding trade deficit adds to Q1 GDP downside risk; weaker consumer confidence and drop in job openings. Some backdown on auto tariffs but China won't "kneel down" on trade war
30th Apr 25, 7:43am
US economic data awful - exploding trade deficit adds to Q1 GDP downside risk; weaker consumer confidence and drop in job openings. Some backdown on auto tariffs but China won't "kneel down" on trade war
Latest figures show RBNZ now has over $26.7 billion worth of cash for intervening if necessary in foreign exchange markets
29th Apr 25, 9:33am
Latest figures show RBNZ now has over $26.7 billion worth of cash for intervening if necessary in foreign exchange markets
China's foreign ministry confirms China and the US are NOT engaged in trade talks. Another poor Fed regional survey; plenty of media commentary on reduced China-US trade and prospect of empty US shelves ahead
29th Apr 25, 7:37am
China's foreign ministry confirms China and the US are NOT engaged in trade talks. Another poor Fed regional survey; plenty of media commentary on reduced China-US trade and prospect of empty US shelves ahead
Roger J Kerr says on any measurement you care to choose, the first 100 days of the second Donald Trump Presidency has been an unmitigated disaster
28th Apr 25, 9:12am
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Roger J Kerr says on any measurement you care to choose, the first 100 days of the second Donald Trump Presidency has been an unmitigated disaster
Positive risk sentiment continued despite conflicting news on tariff developments. The S&P advanced 0.7% extending its weekly gain to almost 5%. US treasury yields declined with limited economic data to provide direction
28th Apr 25, 7:29am
Positive risk sentiment continued despite conflicting news on tariff developments. The S&P advanced 0.7% extending its weekly gain to almost 5%. US treasury yields declined with limited economic data to provide direction
Maurice Obstfeld warns that fragmenting capital markets are putting the greenback's global primacy at risk
27th Apr 25, 10:00am
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Maurice Obstfeld warns that fragmenting capital markets are putting the greenback's global primacy at risk
Claim then denials on US tariff policy shifts. Softer European and US PMI data; US beige book shows early economic impact of tariffs. Equities rise, then fade. USD broadly stronger
24th Apr 25, 7:59am
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Claim then denials on US tariff policy shifts. Softer European and US PMI data; US beige book shows early economic impact of tariffs. Equities rise, then fade. USD broadly stronger
More positive mood music around trade and tariffs, with "significant progress" on a US-India trade deal and Bessent expecting de-escalating US-China trade tension. IMF slashes growth forecasts on the trade war
23rd Apr 25, 7:44am
More positive mood music around trade and tariffs, with "significant progress" on a US-India trade deal and Bessent expecting de-escalating US-China trade tension. IMF slashes growth forecasts on the trade war
Trump renews attack on Fed Chair Powell, reinvigorating the "Sell America" trade. US-Japan trade negotiations not going well. US assets trading more like a Banana republic. US longer-term rates increase and USD falls to fresh multi-year lows
22nd Apr 25, 7:28am
Trump renews attack on Fed Chair Powell, reinvigorating the "Sell America" trade. US-Japan trade negotiations not going well. US assets trading more like a Banana republic. US longer-term rates increase and USD falls to fresh multi-year lows
Roger J Kerr says markets are tiring of Trump positions that make no sense, but on watch for collision with Powell. NZD rises as local economists turn gloomy. USD nears long-term support level as it depreciates further
21st Apr 25, 8:30am
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Roger J Kerr says markets are tiring of Trump positions that make no sense, but on watch for collision with Powell. NZD rises as local economists turn gloomy. USD nears long-term support level as it depreciates further
US equities under pressure again. US pressuring trading partners to limit their dealings with China; China open to trade talks under certain conditions. Bank of Canada on hold and ditches forecasts and guidance
17th Apr 25, 7:49am
US equities under pressure again. US pressuring trading partners to limit their dealings with China; China open to trade talks under certain conditions. Bank of Canada on hold and ditches forecasts and guidance
China stops ordering new Boeing aircraft and halt purchases of aircraft and parts from US companies. No progress on EU-US trade negotiations. But financial markets calmer
16th Apr 25, 7:56am
China stops ordering new Boeing aircraft and halt purchases of aircraft and parts from US companies. No progress on EU-US trade negotiations. But financial markets calmer
Trump considers windback of tariffs to help the auto sector, following the carve-out for some electronic goods from China. Calmer markets. US Treasuries reverse some of last week's movement. Global equities recover
15th Apr 25, 7:47am
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Trump considers windback of tariffs to help the auto sector, following the carve-out for some electronic goods from China. Calmer markets. US Treasuries reverse some of last week's movement. Global equities recover
Roger J Kerr says when international confidence in an economy and currency is lost, its value can only go one way
14th Apr 25, 8:31am
Roger J Kerr says when international confidence in an economy and currency is lost, its value can only go one way