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US payroll data downright awful with headline number under-shooting expectations; NZ$/US$ swept higher as US$ sold off
US payroll data downright awful with headline number under-shooting expectations; NZ$/US$ swept higher as US$ sold off
NZ 10 year swap trading lower and now 16 bps lower than post NZ Q3 CPI highs
NZ 10 year swap trading lower and now 16 bps lower than post NZ Q3 CPI highs
NZ$ treading water waiting for US payrolls data tonight; softness in the data could see the NZ$ benefit from US$ weakness
NZ$ treading water waiting for US payrolls data tonight; softness in the data could see the NZ$ benefit from US$ weakness
Domestic economic indicators suggest NZ economic growth is poised to accelerate towards 4%; tapering delays expected
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Domestic economic indicators suggest NZ economic growth is poised to accelerate towards 4%; tapering delays expected
Coming OCR hikes will push the short end rates up, long rates restrained by US
Coming OCR hikes will push the short end rates up, long rates restrained by US
Investors bail out of US$ and pour into riskier assets; NZ$/US$ a benefactor surging to fresh 5-month high
Investors bail out of US$ and pour into riskier assets; NZ$/US$ a benefactor surging to fresh 5-month high
Can kicked down the road until February but riskier assets buoyed by decision nonetheless
Can kicked down the road until February but riskier assets buoyed by decision nonetheless
US 10-year treasury yields range bound as investors wait for outcome from fiscal negotiations
US 10-year treasury yields range bound as investors wait for outcome from fiscal negotiations
Direction of US$ will be largely be determined by fiscal negotiation developments; NZ$ benefits from improved risk appetite
Direction of US$ will be largely be determined by fiscal negotiation developments; NZ$ benefits from improved risk appetite
NZ 10-year bonds continue to offer some of the highest yields for investors
NZ 10-year bonds continue to offer some of the highest yields for investors
Stronger PMI and PSI data shows broad based momentum in NZ economy and this is underpinning the NZ$
Stronger PMI and PSI data shows broad based momentum in NZ economy and this is underpinning the NZ$
Long end of curve within spitting distance of highs for the year
Long end of curve within spitting distance of highs for the year
Intra-day volatility across currencies as markets await progress in US fiscal negotiations
Intra-day volatility across currencies as markets await progress in US fiscal negotiations
Reports suggest Republican leaders have agreed to six-week debt ceiling extension but this is far from an ideal outcome
Reports suggest Republican leaders have agreed to six-week debt ceiling extension but this is far from an ideal outcome
Investors cautious as risk of fiscal shenanigans derailing the US recovery continue to grow
NZIER business survey has confidence breaking multi-year highs and has been NZ$ positive
NZIER business survey has confidence breaking multi-year highs and has been NZ$ positive
General US$ selling and interest from Asia sees NZ$ climb back through 83c against the US$
General US$ selling and interest from Asia sees NZ$ climb back through 83c against the US$
NZ markets largely ignored Wheeler's comments having already priced in 180 basis points of rises in OCR over next two years
NZ markets largely ignored Wheeler's comments having already priced in 180 basis points of rises in OCR over next two years
Obama will not negotiate and US Speaker Boehner says House will not agree to raise the US debt ceiling without packaging it with other conditions
Obama will not negotiate and US Speaker Boehner says House will not agree to raise the US debt ceiling without packaging it with other conditions
Modern history indicates US fiscal shenanigans is likely to be positive for US$
Modern history indicates US fiscal shenanigans is likely to be positive for US$
Hawkish statement from RBNZ Governor on new LVR restrictions and possible OCR hikes sees NZ$ trading higher
Hawkish statement from RBNZ Governor on new LVR restrictions and possible OCR hikes sees NZ$ trading higher
No solid economic rationale behind Gold tumbling 3.2% and Silver being down 2.6%
No solid economic rationale behind Gold tumbling 3.2% and Silver being down 2.6%
Political instability sees global equity and commodity markets fall; NZ$/US$ lurches higher by about ½ cent
Political instability sees global equity and commodity markets fall; NZ$/US$ lurches higher by about ½ cent
Prospects of US government shutdown rattles markets with NZ$ & A$ among the victims
Prospects of US government shutdown rattles markets with NZ$ & A$ among the victims
NZ 2-year swaps approaching "value" range while 5-year swaps would need to drop 60bps to achieve same
NZ 2-year swaps approaching "value" range while 5-year swaps would need to drop 60bps to achieve same