Jason Wong

Temporary US back-track on Huawei and expectations of German fiscal stimulus combine to juice equity prices higher and bond yields higher. US President sharpens attack on the Fed

Temporary US back-track on Huawei and expectations of German fiscal stimulus combine to juice equity prices higher and bond yields higher. US President sharpens attack on the Fed

With nothing positive to happen in the US-China trade war, the NZD will follow the CNY down against the USD to fresh lows, nudged even lower by the OCR cut. We will weaken against the AUD too: BNZ

With nothing positive to happen in the US-China trade war, the NZD will follow the CNY down against the USD to fresh lows, nudged even lower by the OCR cut. We will weaken against the AUD too: BNZ

Trade retaliation shifts from tariffs to purchasing boycotts. Prospects for resolution dims. UK weakens. Japan growth better than expected. Orr talks up NZ's position

Trade retaliation shifts from tariffs to purchasing boycotts. Prospects for resolution dims. UK weakens. Japan growth better than expected. Orr talks up NZ's position

Market sentiment improves, and both equity and bond yield markets push higher. China's management of their exchange rate cheered by markets. But the NZD faces headwinds as the yuan depreciates

Market sentiment improves, and both equity and bond yield markets push higher. China's management of their exchange rate cheered by markets. But the NZD faces headwinds as the yuan depreciates

NZD drags the AUD down after surprise RBNZ decision. Global outlook gets negative views in most markets and benchmark interest rates ease further in race to zero or below

NZD drags the AUD down after surprise RBNZ decision. Global outlook gets negative views in most markets and benchmark interest rates ease further in race to zero or below

China uses market action to support the yuan after US currency rebuke. US Administration walks back trade hardline. Even dovish Fed members don't want a US rate cut yet. Eyes now on the RBNZ

China uses market action to support the yuan after US currency rebuke. US Administration walks back trade hardline. Even dovish Fed members don't want a US rate cut yet. Eyes now on the RBNZ

Equity markets and US rates in freefall. Trade war concerns dominate and the CNY pushes above 7. The NZD remarkably resilient but downside risks ahead

Equity markets and US rates in freefall. Trade war concerns dominate and the CNY pushes above 7. The NZD remarkably resilient but downside risks ahead

Economic data rendered out-of-date as new US tariffs on China sharply twist market views very negative. Global bond yields fall to record lows. The NZD falls as outlook turns negative, but 'saved' as worse expected from the USD

Economic data rendered out-of-date as new US tariffs on China sharply twist market views very negative. Global bond yields fall to record lows. The NZD falls as outlook turns negative, but 'saved' as worse expected from the USD

ECB signals renewed QE coming soon. US durable goods orders rise in June. Eyes on US Q2 GDP. AUD weaker after dovish RBA speech. More Brexit tensions

ECB signals renewed QE coming soon. US durable goods orders rise in June. Eyes on US Q2 GDP. AUD weaker after dovish RBA speech. More Brexit tensions

USD rises after debt ceiling deal. Higher interest rates in the US, lower in Europe. NZD falls after 'unconventional policy' work report. IMF nudges growth view lower

USD rises after debt ceiling deal. Higher interest rates in the US, lower in Europe. NZD falls after 'unconventional policy' work report. IMF nudges growth view lower

US equities are slightly higher; US rates are slightly slower and currencies are treading water; NZD has started the week trading in a 30pip range; EURUSD has traded in just an 18pip range around 1.1215

US equities are slightly higher; US rates are slightly slower and currencies are treading water; NZD has started the week trading in a 30pip range; EURUSD has traded in just an 18pip range around 1.1215

USD and Treasury yields were higher on Friday after a spokesman from the Fed provided some context to NY Fed President Williams’ dovish speech that had earlier caused a market reaction; this saw the NZD fall slightly ahead of the weekend, but remain solid

USD and Treasury yields were higher on Friday after a spokesman from the Fed provided some context to NY Fed President Williams’ dovish speech that had earlier caused a market reaction; this saw the NZD fall slightly ahead of the weekend, but remain solid

US equities are higher, US rates have fallen and the USD has seen some broadly based selling pressure; NZD has pushed up to a fresh 3-month high; GBP is outperforming and has pushed on up to 1.2540

US equities are higher, US rates have fallen and the USD has seen some broadly based selling pressure; NZD has pushed up to a fresh 3-month high; GBP is outperforming and has pushed on up to 1.2540

NZD tops the leaderboard as the USD shows broad-based losses

NZD tops the leaderboard as the USD shows broad-based losses

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%

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

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

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

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

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

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

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

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

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

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