Days to the General Election: 18
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Jason Wong

Jason Wong's picture
About: 

Jason Wong is BNZ’s currency strategist, producing analysis that informs the NZD view. He is also a part of National Australia Bank’s (NAB) Global FX Strategy team, which covers currency markets more broadly, with a focus on the G10 currencies.

Member for
4 years 8 months

Articles by Jason Wong

19th May 20, 7:56am
Strong rebound in risk appetite. Vaccine hopes, lockdowns ease, EU Recovery Fund a step closer. Global equities up 3-4%, higher global rates. NZD and AUD show decent rises
Strong rebound in risk appetite. Vaccine hopes, lockdowns ease, EU Recovery Fund a step closer. Global equities up 3-4%, higher global rates. NZD and AUD show decent rises
19th May 20, 7:56am
15th May 20, 8:11am
1
A larger NZ fiscal easing puts upward pressure on long-term rates. NZD bid higher, but stronger USD overnight takes it back down. US-China relations continue to sour
A larger NZ fiscal easing puts upward pressure on long-term rates. NZD bid higher, but stronger USD overnight takes it back down. US-China relations continue to sour
15th May 20, 8:11am
14th May 20, 7:52am
Fed Chair Powell pushes back on negative rates; market ignores it. RBNZ doesn’t push back on negative rates; market embraces it. NZ rates down to record low
Fed Chair Powell pushes back on negative rates; market ignores it. RBNZ doesn’t push back on negative rates; market embraces it. NZ rates down to record low
14th May 20, 7:52am
13th May 20, 7:52am
1
A more cautious tone overnight. Global rates lower, but NZD and AUD recover a little. Focus on RBNZ MPS this afternoon
A more cautious tone overnight. Global rates lower, but NZD and AUD recover a little. Focus on RBNZ MPS this afternoon
13th May 20, 7:52am
12th May 20, 7:56am
USD rebounds, dragging NZD and AUD more than 1% down. US rates higher, NZ rates remain suppressed. Further surprise oil production cuts but prices fall regardless
USD rebounds, dragging NZD and AUD more than 1% down. US rates higher, NZ rates remain suppressed. Further surprise oil production cuts but prices fall regardless
12th May 20, 7:56am
6th May 20, 7:56am
1
Risk appetite back up driving equities higher. Supported by higher oil prices. EUR softer after German court raises red flag on ECB purchases. NZD nudges higher; Dairy prices weaker, but not as weak as expected
Risk appetite back up driving equities higher. Supported by higher oil prices. EUR softer after German court raises red flag on ECB purchases. NZD nudges higher; Dairy prices weaker, but not as weak as expected
6th May 20, 7:56am
5th May 20, 7:59am
6
NZ rates fall to record lows, driven by RBNZ QE. NZD underperforms against other commodity currencies. EUR weak ahead of German constitutional court decision tonight
NZ rates fall to record lows, driven by RBNZ QE. NZD underperforms against other commodity currencies. EUR weak ahead of German constitutional court decision tonight
5th May 20, 7:59am
1st May 20, 7:58am
NZD holds up across a backdrop of weaker risk appetite. NZ rates fall to record low levels. NZD/AUD reverses course
NZD holds up across a backdrop of weaker risk appetite. NZ rates fall to record low levels. NZD/AUD reverses course
1st May 20, 7:58am
29th Apr 20, 7:59am
5
Strong recovery in NZD overnight after lower NZ rates drove it weaker yesterday. US equities see rotation into value/small caps. UST yields push lower overnight
Strong recovery in NZD overnight after lower NZ rates drove it weaker yesterday. US equities see rotation into value/small caps. UST yields push lower overnight
29th Apr 20, 7:59am
24th Apr 20, 7:56am
More dire economic data, but largely ignored. Commodity currencies recover, with higher oil prices noted. EUR weak as EU can’t (yet) agree on a recovery package
More dire economic data, but largely ignored. Commodity currencies recover, with higher oil prices noted. EUR weak as EU can’t (yet) agree on a recovery package
24th Apr 20, 7:56am
22nd Apr 20, 7:57am
Further oil market turmoil impacts risk sentiment. Chunky falls in equities; USTs and USD well supported. RBNZ offers more support to the economy
Further oil market turmoil impacts risk sentiment. Chunky falls in equities; USTs and USD well supported. RBNZ offers more support to the economy
22nd Apr 20, 7:57am
20th Apr 20, 7:58am
Another strong rally in equity markets on hope for the future. USD under pressure sees NZD back above 0.60. NZ short end rates down to record lows while curve steepens
Another strong rally in equity markets on hope for the future. USD under pressure sees NZD back above 0.60. NZ short end rates down to record lows while curve steepens
20th Apr 20, 7:58am
16th Apr 20, 7:57am
Dire US economic data helps trigger a reality check. US equities, US rates lower; USD in strong demand. NZD slips back below 0.60
Dire US economic data helps trigger a reality check. US equities, US rates lower; USD in strong demand. NZD slips back below 0.60
16th Apr 20, 7:57am
14th Apr 20, 7:38am
2
AUD and NZD up strongly from pre-Easter levels. Following Fed announcement of further extraordinary policy measures US equities weaker ahead of earnings season
AUD and NZD up strongly from pre-Easter levels. Following Fed announcement of further extraordinary policy measures US equities weaker ahead of earnings season
14th Apr 20, 7:38am
8th Apr 20, 8:01am
Hope on COVID-19 outlook drives further improvement in risk sentiment. USD under pressure; AUD higher on RBA “tapering”; NZD rallies as well. Higher government rates across the board
Hope on COVID-19 outlook drives further improvement in risk sentiment. USD under pressure; AUD higher on RBA “tapering”; NZD rallies as well. Higher government rates across the board
8th Apr 20, 8:01am
6th Apr 20, 8:11am
Oil prices surge ahead on hope of production cuts. USD rises further, sending NZD and AUD down to fresh lows for the week. RBNZ ramps up QE this week and signals openness to expand scope of program
Oil prices surge ahead on hope of production cuts. USD rises further, sending NZD and AUD down to fresh lows for the week. RBNZ ramps up QE this week and signals openness to expand scope of program
6th Apr 20, 8:11am
2nd Apr 20, 7:54am
1
A bad start to Q2 for risk assets. NZ bond market underperforms as issuance program ramps up. NZD goes sub-0.59 overnight
A bad start to Q2 for risk assets. NZ bond market underperforms as issuance program ramps up. NZD goes sub-0.59 overnight
2nd Apr 20, 7:54am
31st Mar 20, 7:49am
1
Equities markets start the week on a positive note, even in the face of some dire economic data. New policies to support growth continue to be announced
Equities markets start the week on a positive note, even in the face of some dire economic data. New policies to support growth continue to be announced
31st Mar 20, 7:49am
27th Mar 20, 7:56am
2
Global equities up for the third day running as central banks and governments show policy support. USD under pressure as risk sentiment improves. NZD, AUD and GBP all more than 2% higher overnight
Global equities up for the third day running as central banks and governments show policy support. USD under pressure as risk sentiment improves. NZD, AUD and GBP all more than 2% higher overnight
27th Mar 20, 7:56am
26th Mar 20, 7:56am
Global equities stage another strong rally on US fiscal package. USD on the back foot on higher risk appetite. NZD little changed from NZ close
Global equities stage another strong rally on US fiscal package. USD on the back foot on higher risk appetite. NZD little changed from NZ close
26th Mar 20, 7:56am
25th Mar 20, 7:48am
1
Big leap in risk appetite drives equity markets higher. Hope for US lawmakers to sign off on large fiscal package. Global rates higher. USD under pressure as financial market stress eases
Big leap in risk appetite drives equity markets higher. Hope for US lawmakers to sign off on large fiscal package. Global rates higher. USD under pressure as financial market stress eases
25th Mar 20, 7:48am
24th Mar 20, 8:00am
Fed takes central bank policy to its limit with new initiatives. But US equities weaker anyway, while USTs supported. Fed announcement sees NZD recover overnight. RBNZ QE policy drives NZ rates down significantly
Fed takes central bank policy to its limit with new initiatives. But US equities weaker anyway, while USTs supported. Fed announcement sees NZD recover overnight. RBNZ QE policy drives NZ rates down significantly
24th Mar 20, 8:00am
23rd Mar 20, 7:51am
US equities under pressure again. Upward trend in USTs broken, a sign that central banks have more control. Governments step up, or look to step up, on fiscal support packages
US equities under pressure again. Upward trend in USTs broken, a sign that central banks have more control. Governments step up, or look to step up, on fiscal support packages
23rd Mar 20, 7:51am
13th Mar 20, 7:42am
21
Markets in turmoil as a deep global recession comes into play. Global equities plunge, even as Fed begins QE4. Wide ranges in USTs and currencies. Demand for USD liquidity sees USD soar
Markets in turmoil as a deep global recession comes into play. Global equities plunge, even as Fed begins QE4. Wide ranges in USTs and currencies. Demand for USD liquidity sees USD soar
13th Mar 20, 7:42am
12th Mar 20, 7:42am
US equities plunge on disappointing policy response. UK and euro-area policy makers look more alert – BoE does intra-meeting 50bps cut. Bond curves steeper. NZD settles around 0.63
US equities plunge on disappointing policy response. UK and euro-area policy makers look more alert – BoE does intra-meeting 50bps cut. Bond curves steeper. NZD settles around 0.63
12th Mar 20, 7:42am

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Days to the General Election: 18
See Party Policies here. Party Lists here.