Jason Wong

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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
3 years 10 months

Articles by Jason Wong

17th Jul 19, 7:52am
USD has made broadly based gains and US rates are higher across the curve; this backdrop sees the NZD push back down to the 0.67 mark, retreating from a 3-month high; oil prices are down around 3%
USD has made broadly based gains and US rates are higher across the curve; this backdrop sees the NZD push back down to the 0.67 mark, retreating from a 3-month high; oil prices are down around 3%
17th Jul 19, 7:52am
16th Jul 19, 7:52am
NZD and AUD pushing higher, supported by positive monthly China activity indicators; US equities are flat after posting a record high at the end of last week while global rates have nudged lower after rising last week
NZD and AUD pushing higher, supported by positive monthly China activity indicators; US equities are flat after posting a record high at the end of last week while global rates have nudged lower after rising last week
16th Jul 19, 7:52am
15th Jul 19, 8:12am
US equities closed the week at a fresh record high, buoyed by the prospect of rate cuts, which kept Treasury yields in check; USD was weaker, seeing the NZD stretch out towards the 0.67 mark
US equities closed the week at a fresh record high, buoyed by the prospect of rate cuts, which kept Treasury yields in check; USD was weaker, seeing the NZD stretch out towards the 0.67 mark
15th Jul 19, 8:12am
28th Jun 19, 8:23am
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
28th Jun 19, 8:23am
27th Jun 19, 7:44am
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
27th Jun 19, 7:44am
26th Jun 19, 8:06am
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
26th Jun 19, 8:06am
25th Jun 19, 8:02am
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
25th Jun 19, 8:02am
24th Jun 19, 8:07am
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
24th Jun 19, 8:07am
21st Jun 19, 8:28am
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
21st Jun 19, 8:28am
20th Jun 19, 8:11am
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
20th Jun 19, 8:11am
19th Jun 19, 8:07am
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
19th Jun 19, 8:07am
18th Jun 19, 8:13am
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
18th Jun 19, 8:13am
17th Jun 19, 8:09am
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
17th Jun 19, 8:09am
10th Jun 19, 8:19am
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
10th Jun 19, 8:19am
7th Jun 19, 7:57am
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
7th Jun 19, 7:57am
6th Jun 19, 9:01am
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
6th Jun 19, 9:01am
5th Jun 19, 8:35am
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
5th Jun 19, 8:35am
4th Jun 19, 8:26am
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
4th Jun 19, 8:26am
10th May 19, 8:09am
Market nervous about US-China trade talks; equities and bond yields are lower but the USD is also under a little bit of pressure and shows broadly based losses; NZD recovering towards 0.66 and the AUD towards 0.70
Market nervous about US-China trade talks; equities and bond yields are lower but the USD is also under a little bit of pressure and shows broadly based losses; NZD recovering towards 0.66 and the AUD towards 0.70
10th May 19, 8:09am
9th May 19, 8:35am
US equities modestly positive and US rates slightly higher; NZD has only sustained a small fall after the RBNZ cut rates yesterday; GBP remains soft as hopes for a Brexit deal fade
US equities modestly positive and US rates slightly higher; NZD has only sustained a small fall after the RBNZ cut rates yesterday; GBP remains soft as hopes for a Brexit deal fade
9th May 19, 8:35am

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