Jason Wong

Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71

Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71

Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve

Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve

US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement

US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement

Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping

Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping

GBP weaker as odds on no UK-EU trade deal increase. Higher US inflation, poor jobless claims figures. ECB extends bond-buying program to little fanfare. Commodity currencies outperform, AUD up through 0.75 

GBP weaker as odds on no UK-EU trade deal increase. Higher US inflation, poor jobless claims figures. ECB extends bond-buying program to little fanfare. Commodity currencies outperform, AUD up through 0.75 

Little progress on US fiscal stimulus talks. UK PM Johnson heads to dinner to help restart Brexit negotiations. USD recovers a little. AUD a notable outperformer

Little progress on US fiscal stimulus talks. UK PM Johnson heads to dinner to help restart Brexit negotiations. USD recovers a little. AUD a notable outperformer

Quiet night; Little progress on US fiscal negotiations or Brexit talks. Equities show small gains. UST 10-year down slightly. NZD treads water around 0.7040 with little movement elsewhere

Quiet night; Little progress on US fiscal negotiations or Brexit talks. Equities show small gains. UST 10-year down slightly. NZD treads water around 0.7040 with little movement elsewhere

US equities up modestly but reach a fresh record high taking an optimistic view of the news. USD remains under significant pressure. NZD underperforms but still breaks 0.71 overnight

US equities up modestly but reach a fresh record high taking an optimistic view of the news. USD remains under significant pressure. NZD underperforms but still breaks 0.71 overnight

Flat US equities after yesterday's record high. US 10-year rate pushes higher. GBP under pressure as trade deal no guarantee. NZD prints fresh high before paring gains and underperforms AUD

Flat US equities after yesterday's record high. US 10-year rate pushes higher. GBP under pressure as trade deal no guarantee. NZD prints fresh high before paring gains and underperforms AUD

Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high

Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high

AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges

AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges

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