Jason Wong

NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday

NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday

Surprisingly strong US Markit PMI data drives USD higher; NZD falls from fresh 2-year high. GBP outperforms on hope for a trade deal this week

Surprisingly strong US Markit PMI data drives USD higher; NZD falls from fresh 2-year high. GBP outperforms on hope for a trade deal this week

New restrictions outweigh positive vaccine news. Global equities and rates push lower. AUD underperforms, sending NZD/AUD to 0.95

New restrictions outweigh positive vaccine news. Global equities and rates push lower. AUD underperforms, sending NZD/AUD to 0.95

More positive vaccine news supports risk assets. Global equities and rates nudge higher. NZD prints a fresh 20-month high of 0.6940 

More positive vaccine news supports risk assets. Global equities and rates nudge higher. NZD prints a fresh 20-month high of 0.6940 

A more cautious market, following yesterday's record highs for US equities. Global rates nudge lower. NZD back below 0.69 after touching fresh 20-month high

A more cautious market, following yesterday's record highs for US equities. Global rates nudge lower. NZD back below 0.69 after touching fresh 20-month high

Markets take on a more cautious tone overnight. Soft US CPI; US Treasuries rally. Commodity currencies on the soft side

Markets take on a more cautious tone overnight. Soft US CPI; US Treasuries rally. Commodity currencies on the soft side

NZ rates and NZD surge post RBNZ MPS. No follow-through overnight, as USD recovers. NZD pushes higher on the crosses

NZ rates and NZD surge post RBNZ MPS. No follow-through overnight, as USD recovers. NZD pushes higher on the crosses

Risk appetite surges on positive vaccine news and US election result. US equities surge to record high. Global yields much higher. Vaccine news must surely weigh on RBNZ policy outlook update tomorrow

Risk appetite surges on positive vaccine news and US election result. US equities surge to record high. Global yields much higher. Vaccine news must surely weigh on RBNZ policy outlook update tomorrow

Biden on the verge of victory, while Republicans look to hold Senate. Gridlock view supports further strong gains in equities. US Treasuries reverse course, showing modest lift in yields

Biden on the verge of victory, while Republicans look to hold Senate. Gridlock view supports further strong gains in equities. US Treasuries reverse course, showing modest lift in yields

US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness

US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness

Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing

Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing

Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform

Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform

Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany

Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany

Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high

Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high

Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason

Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason

GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk

GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk

US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones

US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones

New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile

New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile

Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year

Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year

Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents

Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents

US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields

US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields

Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported

Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported

Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher

Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher

More cautious tone to equity markets ahead of first US Presidential debate. NZD and AUD recover some of last week's hefty losses. Oil prices down 4%

More cautious tone to equity markets ahead of first US Presidential debate. NZD and AUD recover some of last week's hefty losses. Oil prices down 4%

Light newsflow, but strong broadly-based gains in equity markets. GBP outperforms as UK-EU trade talks resume; negative rates hosed down. NZD flat; generally softer on the crosses

Light newsflow, but strong broadly-based gains in equity markets. GBP outperforms as UK-EU trade talks resume; negative rates hosed down. NZD flat; generally softer on the crosses