Currencies
US dollar extends post-FOMC gains and reached the highest level since August. Yen weak after Bank of Japan leaves rates on hold and doesn't build the case for a December hike. ECB steady
31st Oct 25, 7:52am
US dollar extends post-FOMC gains and reached the highest level since August. Yen weak after Bank of Japan leaves rates on hold and doesn't build the case for a December hike. ECB steady
The US Fed reduced rates by 25 bps for second consecutive meeting in split decision, say balance sheet runoff will end. Bank of Canada cut but pushed back against further easing. Australian Q3 CPI was well above expectations
30th Oct 25, 8:02am
The US Fed reduced rates by 25 bps for second consecutive meeting in split decision, say balance sheet runoff will end. Bank of Canada cut but pushed back against further easing. Australian Q3 CPI was well above expectations
The S&P500 reached a fresh record intra-day high. US consumer confidence remains subdued amid concern about jobs and the cost of living. Gold prices remain soft amid large outflows from exchange traded funds
29th Oct 25, 7:49am
The S&P500 reached a fresh record intra-day high. US consumer confidence remains subdued amid concern about jobs and the cost of living. Gold prices remain soft amid large outflows from exchange traded funds
Buoyant risk sentiment pushed US and Asia equity indices to record highs. Markets supported by encouraging signs from negotiations between the US and China. Gold prices slip below US$4,000/oz
28th Oct 25, 7:49am
Buoyant risk sentiment pushed US and Asia equity indices to record highs. Markets supported by encouraging signs from negotiations between the US and China. Gold prices slip below US$4,000/oz
Roger J Kerr sees markets expecting a US Fed rate cut believing the tariff-cost impact has largely passed, offset by other costs being restrained. For NZ, the bad news is now all behind us, and the NZD should rise from here
27th Oct 25, 9:03am
Roger J Kerr sees markets expecting a US Fed rate cut believing the tariff-cost impact has largely passed, offset by other costs being restrained. For NZ, the bad news is now all behind us, and the NZD should rise from here
Oil prices surge as US sanctions Russia’s largest oil producers. US Treasury yields higher as the market looks ahead to the release of delayed US CPI data. Precious metal prices have stabilised after sharp declines earlier in the week
24th Oct 25, 7:48am
Oil prices surge as US sanctions Russia’s largest oil producers. US Treasury yields higher as the market looks ahead to the release of delayed US CPI data. Precious metal prices have stabilised after sharp declines earlier in the week
Soft tone across global equity markets. Gold prices extend recent declines having fallen more than 8%. Bank of England expected to ease further
23rd Oct 25, 7:52am
Soft tone across global equity markets. Gold prices extend recent declines having fallen more than 8%. Bank of England expected to ease further
Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower
22nd Oct 25, 7:52am
Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower
Barry Eichengreen thinks the argument that stablecoins will preserve the US dollar dominance rests on a slew of shaky assumptions and leaves key questions unanswered
21st Oct 25, 2:20pm
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Barry Eichengreen thinks the argument that stablecoins will preserve the US dollar dominance rests on a slew of shaky assumptions and leaves key questions unanswered
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
21st Oct 25, 7:50am
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
Roger J Kerr says global currency markets continue to “fly blind” due to the absence of up-to-date US economic data
20th Oct 25, 8:12am
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Roger J Kerr says global currency markets continue to “fly blind” due to the absence of up-to-date US economic data
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
20th Oct 25, 7:29am
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
17th Oct 25, 7:49am
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
16th Oct 25, 7:55am
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment
15th Oct 25, 7:49am
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment