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Currencies

Little news but risk appetite improves from the US market open, seemingly less concerned about the inflation outlook, at least for today. NZD back above 0.72. RBNZ MPS in sight. UST10s go sub-1.60%
25th May 21, 7:50am
Little news but risk appetite improves from the US market open, seemingly less concerned about the inflation outlook, at least for today. NZD back above 0.72. RBNZ MPS in sight. UST10s go sub-1.60%
Steven Dooley points out the NZD has fallen away as Asian currencies went off the boil, and growth re-ratings in the US and UK take the initiative
24th May 21, 10:23am
Steven Dooley points out the NZD has fallen away as Asian currencies went off the boil, and growth re-ratings in the US and UK take the initiative
Little movement in markets on Friday night; markets look through upbeat PMIs in Europe and the US. EUR falls after Lagarde seems to push back against ECB tapering. RBNZ MPS the highlight this week
24th May 21, 7:36am
Little movement in markets on Friday night; markets look through upbeat PMIs in Europe and the US. EUR falls after Lagarde seems to push back against ECB tapering. RBNZ MPS the highlight this week
Market sentiment recovers from the tapering talk in the Fed minutes. Equities bounce back, USD and bond yields lower. NZ Government announces expansionary Budget yesterday
21st May 21, 7:50am
Market sentiment recovers from the tapering talk in the Fed minutes. Equities bounce back, USD and bond yields lower. NZ Government announces expansionary Budget yesterday
Fed minutes show "a number" of members think tapering discussion might be appropriate pushing US rates and the USD higher. Commodity prices fall, seeing NZD decline over 1%. Bitcoin has a meltdown, before recovering. Eyes on NZ Budget
20th May 21, 7:52am
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Fed minutes show "a number" of members think tapering discussion might be appropriate pushing US rates and the USD higher. Commodity prices fall, seeing NZD decline over 1%. Bitcoin has a meltdown, before recovering. Eyes on NZ Budget
Bond markets tread water; US equities show modest falls. USD broadly weaker, NZD back up to 0.7250, AUD through 0.78. NZ 2-year swap rate closes at fresh high for the year, ahead of RBNZ MPS next week
19th May 21, 8:10am
Bond markets tread water; US equities show modest falls. USD broadly weaker, NZD back up to 0.7250, AUD through 0.78. NZ 2-year swap rate closes at fresh high for the year, ahead of RBNZ MPS next week
New week sees risk appetite weaken. NZD underperforms, even as global commodity prices push higher. Fed speakers run the party line on no changes to the policy outlook
18th May 21, 7:44am
New week sees risk appetite weaken. NZD underperforms, even as global commodity prices push higher. Fed speakers run the party line on no changes to the policy outlook
Unexpected inflation moves in both China and the US have the attention of currency traders reports Steven Dooley. A breakout in US bond yields may trigger sharp FX moves
17th May 21, 10:17am
Unexpected inflation moves in both China and the US have the attention of currency traders reports Steven Dooley. A breakout in US bond yields may trigger sharp FX moves
Some softer US activity data, but risk appetite ends the week on a stronger note. More soothing words from the Fed. Broad USD weakness; NZD gains 1% Friday night to 0.7250. UST10 yields drift lower
17th May 21, 7:52am
Some softer US activity data, but risk appetite ends the week on a stronger note. More soothing words from the Fed. Broad USD weakness; NZD gains 1% Friday night to 0.7250. UST10 yields drift lower
US equity markets recover. US 10-year rate moves back to 1.66%. Fed officials continue to claim current inflation pressures will be temporary. NZ 10-year swap rate breaks above 2% for the first time since March
14th May 21, 8:02am
US equity markets recover. US 10-year rate moves back to 1.66%. Fed officials continue to claim current inflation pressures will be temporary. NZ 10-year swap rate breaks above 2% for the first time since March
Game over...or is it? US CPI inflation an absolute shocker. Vice chair Clarida still runs the party line "it's transitory". US equities tumble, US 10-year rate pushes up to 1.69%. Risk-off move sees USD strength
13th May 21, 8:00am
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Game over...or is it? US CPI inflation an absolute shocker. Vice chair Clarida still runs the party line "it's transitory". US equities tumble, US 10-year rate pushes up to 1.69%. Risk-off move sees USD strength
US equities fall again, but this time not led by tech sector. US 10-year rate drifts higher. Only modest currency moves; NZD and AUD track sideways. More spending in Australian Budget
12th May 21, 7:46am
US equities fall again, but this time not led by tech sector. US 10-year rate drifts higher. Only modest currency moves; NZD and AUD track sideways. More spending in Australian Budget
Financial inclusion, payments stability, efficiency, and monetary policy implementation touted as benefits from central bank digital currencies
11th May 21, 10:00am
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Financial inclusion, payments stability, efficiency, and monetary policy implementation touted as benefits from central bank digital currencies
Inflation expectations continue to rise, US 10y BEIs up to a fresh 8-year high; industrial commodity prices stretch higher. Further rotation out of tech stocks into "value". GBP gains over 1% post Scottish elections
11th May 21, 7:37am
Inflation expectations continue to rise, US 10y BEIs up to a fresh 8-year high; industrial commodity prices stretch higher. Further rotation out of tech stocks into "value". GBP gains over 1% post Scottish elections
Even though the US non-farm data seemed weak as reported, the actual (non-seasonally adjusted) hiring levels were very strong, better than expected, reports Steven Dooley
10th May 21, 11:27am
Even though the US non-farm data seemed weak as reported, the actual (non-seasonally adjusted) hiring levels were very strong, better than expected, reports Steven Dooley
Payrolls much weaker than expected fuelling expectations the Fed will stick to its ultra-accommodative stance. Commodity prices continue to surge - copper hits record high. US 10-year breakeven inflation breaks above 2.5
10th May 21, 7:45am
Payrolls much weaker than expected fuelling expectations the Fed will stick to its ultra-accommodative stance. Commodity prices continue to surge - copper hits record high. US 10-year breakeven inflation breaks above 2.5
Equity and bond markets quiet ahead of payrolls tonight. Commodity prices remain strong; iron ore spot price trades above $200. USD weaker overnight. AUD and NZD recover overnight from yesterday's mid-afternoon sell-of
7th May 21, 7:57am
Equity and bond markets quiet ahead of payrolls tonight. Commodity prices remain strong; iron ore spot price trades above $200. USD weaker overnight. AUD and NZD recover overnight from yesterday's mid-afternoon sell-of
US equities, rates and USD track broadly sideways ahead of payrolls tomorrow night. US inflation expectations push higher. Commodity currencies outperform
6th May 21, 7:43am
US equities, rates and USD track broadly sideways ahead of payrolls tomorrow night. US inflation expectations push higher. Commodity currencies outperform
Rotation out of big tech drags down US equity indices. Negative risk sentiment weighed by Yellen talk of possible rise in rates. US 10-year Treasury rate drifts lower. Safe haven currencies outperform - NZD and AUD show notable fall
5th May 21, 7:49am
Rotation out of big tech drags down US equity indices. Negative risk sentiment weighed by Yellen talk of possible rise in rates. US 10-year Treasury rate drifts lower. Safe haven currencies outperform - NZD and AUD show notable fall
US ISM manufacturing weaker, but with noted supply issues and inflationary pressures. Some reversal of Friday's move - US equities higher, USD lower
4th May 21, 7:46am
US ISM manufacturing weaker, but with noted supply issues and inflationary pressures. Some reversal of Friday's move - US equities higher, USD lower
A weak end to a strong April for US equities. Wealth of data points to stronger US growth and inflation pressure. USTs drift lower in yield, USD shows broadly based rebound
3rd May 21, 9:09am
A weak end to a strong April for US equities. Wealth of data points to stronger US growth and inflation pressure. USTs drift lower in yield, USD shows broadly based rebound
The greenback starts May quick out of the blocks for a month it usually gains. It the reverse for the Kiwi dollar. With bond yields becalmed, Asian currencies move little
3rd May 21, 8:55am
The greenback starts May quick out of the blocks for a month it usually gains. It the reverse for the Kiwi dollar. With bond yields becalmed, Asian currencies move little
US equities rise to fresh record high on solid economic data and strong earnings season. US Treasury yields push a little higher; break-even inflation rate at fresh 8-year high; Copper breaks $10,000. Despite all that, NZD pulls back
30th Apr 21, 7:51am
US equities rise to fresh record high on solid economic data and strong earnings season. US Treasury yields push a little higher; break-even inflation rate at fresh 8-year high; Copper breaks $10,000. Despite all that, NZD pulls back
US Fed upgrades economic assessment but remains dovish on the policy outlook. USD broadly weaker pre and post FOMC announcement. USTs range trade, US equities a touch higher. NZD outperforms, up 0.7% to 0.7260
29th Apr 21, 8:04am
US Fed upgrades economic assessment but remains dovish on the policy outlook. USD broadly weaker pre and post FOMC announcement. USTs range trade, US equities a touch higher. NZD outperforms, up 0.7% to 0.7260
S&P500 flat around record high. US 10-year rate trends higher, up 5bps, with higher supply and commodity prices in the mix. NZD and AUD head lower despite positive commodity price backdrop. FOMC policy update in less than 24 hours
28th Apr 21, 8:01am
S&P500 flat around record high. US 10-year rate trends higher, up 5bps, with higher supply and commodity prices in the mix. NZD and AUD head lower despite positive commodity price backdrop. FOMC policy update in less than 24 hours