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Jason Wong

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

9 years 3 months

Latest articles

Positive economic and US-China trade talk news sees risk appetite improve, driving equities and global rates higher; NZD and AUD have pushed on higher against a backdrop of a weaker USD
4th Apr 19, 8:30am
Positive economic and US-China trade talk news sees risk appetite improve, driving equities and global rates higher; NZD and AUD have pushed on higher against a backdrop of a weaker USD
US equities are flat to lower and US Treasury rates have steadied after the significant sell-off yesterday; NZD, AUD and CAD are all weaker
3rd Apr 19, 7:36am
US equities are flat to lower and US Treasury rates have steadied after the significant sell-off yesterday; NZD, AUD and CAD are all weaker
Stronger US ISM data have driven a significant sell-off in US Treasuries, but that hasn’t perturbed equity markets, which show decent gains; NZD is little changed from last week’s close, while GBP is recovering as a super-soft Brexit comes into play
2nd Apr 19, 8:26am
Stronger US ISM data have driven a significant sell-off in US Treasuries, but that hasn’t perturbed equity markets, which show decent gains; NZD is little changed from last week’s close, while GBP is recovering as a super-soft Brexit comes into play
Higher risk appetite driving global equities higher while US Treasury yields ended slightly higher; currency movements weren’t significant, although commodity currencies headed the leaderboard, while Brexit uncertainty continued to weigh on GBP
1st Apr 19, 8:07am
Higher risk appetite driving global equities higher while US Treasury yields ended slightly higher; currency movements weren’t significant, although commodity currencies headed the leaderboard, while Brexit uncertainty continued to weigh on GBP
Market remains in an anxious state about the global economic outlook, which sees downward pressure on equity markets and global rates; NZD 1.6% lower; GBP is bid; AUD is under pressure
28th Mar 19, 8:09am
Market remains in an anxious state about the global economic outlook, which sees downward pressure on equity markets and global rates; NZD 1.6% lower; GBP is bid; AUD is under pressure
FOMC meeting tomorrow, where the market is primed for a dovish statement; US equity markets continue to drift higher, US yields are steady near recent lows, and the USD is on the soft side; NZD continues to trade a tight range
20th Mar 19, 7:54am
FOMC meeting tomorrow, where the market is primed for a dovish statement; US equity markets continue to drift higher, US yields are steady near recent lows, and the USD is on the soft side; NZD continues to trade a tight range
GBP is softer as hope fades for an end to the fog of uncertainty over Brexit; NZD and AUD have followed a similar path, moving higher late yesterday afternoon on the back of a weaker USD and then retreating from the European open
19th Mar 19, 8:12am
GBP is softer as hope fades for an end to the fog of uncertainty over Brexit; NZD and AUD have followed a similar path, moving higher late yesterday afternoon on the back of a weaker USD and then retreating from the European open
Modest changes in currencies, modest upside to equity markets and some further downside pressure to global rates featured in markets; NZD traded a very tight range Friday night after drifting higher during the local trading session
18th Mar 19, 8:15am
Modest changes in currencies, modest upside to equity markets and some further downside pressure to global rates featured in markets; NZD traded a very tight range Friday night after drifting higher during the local trading session
GBP is choppy but generally well supported; AUD and NZD are weaker after underwhelming China data yesterday, while JPY is weaker leading up to the BoJ’s announcement today; bonds and equities show little movement
15th Mar 19, 7:57am
GBP is choppy but generally well supported; AUD and NZD are weaker after underwhelming China data yesterday, while JPY is weaker leading up to the BoJ’s announcement today; bonds and equities show little movement
Global equity markets, global bond rates and euro lower; other key currency movements have been modest, with the NZD and AUD close to where they were yesterday morning; NZ longer term bond and swap rates fell 3-4bps
8th Mar 19, 8:10am
Global equity markets, global bond rates and euro lower; other key currency movements have been modest, with the NZD and AUD close to where they were yesterday morning; NZ longer term bond and swap rates fell 3-4bps
US equities and rates are lower this morning; NZD has performed okay against the backdrop of weaker AUD and CAD currencies; Australian rates were lower across the curve on weak GDP
7th Mar 19, 8:07am
US equities and rates are lower this morning; NZD has performed okay against the backdrop of weaker AUD and CAD currencies; Australian rates were lower across the curve on weak GDP
US equities tracking sideways, and US rates up slightly; USD shows broadly based gains, supported by stronger data, which has seen the NZD track consistently under the 0.68 mark; RBA kept its policy messaging unchanged
6th Mar 19, 8:02am
US equities tracking sideways, and US rates up slightly; USD shows broadly based gains, supported by stronger data, which has seen the NZD track consistently under the 0.68 mark; RBA kept its policy messaging unchanged
US equities, US rates and the USD were all higher on Friday; stronger USD backdrop saw the NZD slip a little to close the week around 0.68; AUD showed followed a similar trading pattern to the NZD
4th Mar 19, 8:05am
US equities, US rates and the USD were all higher on Friday; stronger USD backdrop saw the NZD slip a little to close the week around 0.68; AUD showed followed a similar trading pattern to the NZD
USD is bid and US Treasury rates have pushed higher following stronger than expected US data; NZD and AUD have slipped, with the NZD temporarily going sub 0.68 and the AUD going sub-0.71
1st Mar 19, 8:10am
USD is bid and US Treasury rates have pushed higher following stronger than expected US data; NZD and AUD have slipped, with the NZD temporarily going sub 0.68 and the AUD going sub-0.71
A couple of blows to the AUD has seen it tumble and drag down the NZD in its wake; global rates have pushed higher; USD nudged higher following the release of the FOMC minutes
22nd Feb 19, 7:47am
A couple of blows to the AUD has seen it tumble and drag down the NZD in its wake; global rates have pushed higher; USD nudged higher following the release of the FOMC minutes
Currency movements have been modest, the S&P500 is barely positive, while global rates are little changed; NZD has been shuffling sideways since this time yesterday and sits this morning at 0.6875
21st Feb 19, 8:22am
Currency movements have been modest, the S&P500 is barely positive, while global rates are little changed; NZD has been shuffling sideways since this time yesterday and sits this morning at 0.6875
US equities are modestly higher while US Treasury yields have nudged lower; USD has a soft underbelly, which sees the NZD and AUD push higher; GBP has been the strongest of the majors
20th Feb 19, 8:04am
US equities are modestly higher while US Treasury yields have nudged lower; USD has a soft underbelly, which sees the NZD and AUD push higher; GBP has been the strongest of the majors
There has been little change in global rates or futures for US Treasuries and US equities; NZD has peeled off after a rally during local trading hours; GBP has outperformed despite more political shenanigans
19th Feb 19, 8:21am
There has been little change in global rates or futures for US Treasuries and US equities; NZD has peeled off after a rally during local trading hours; GBP has outperformed despite more political shenanigans
US government shutdown averted and more positive vibes on US-China trade developments; commodity currencies outperformed alongside GBP, while US and European equities made decent gains; global rates were flat on Friday
18th Feb 19, 7:49am
US government shutdown averted and more positive vibes on US-China trade developments; commodity currencies outperformed alongside GBP, while US and European equities made decent gains; global rates were flat on Friday
US equities are currently down 1.5% after a similar fall in Europe; US and Germany 10-year rates are lower; NZD is little changed from the NZ close but is still the weakest performer
8th Feb 19, 8:08am
US equities are currently down 1.5% after a similar fall in Europe; US and Germany 10-year rates are lower; NZD is little changed from the NZ close but is still the weakest performer
US equities are slightly weaker and US rates are slightly lower; AUD is the clear underperformer, following RBA Governor Lowe’s speech yesterday afternoon, with some negative spillover effect for the NZD, even as dairy prices continue to surge
7th Feb 19, 7:27am
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US equities are slightly weaker and US rates are slightly lower; AUD is the clear underperformer, following RBA Governor Lowe’s speech yesterday afternoon, with some negative spillover effect for the NZD, even as dairy prices continue to surge
US Treasury yields have extended their rise following the strong US data reports on Friday; US rates are supporting the USD but gains have been modest; NZD has slipped a little to 0.6880; AUD has slightly underperformed the NZD
5th Feb 19, 8:23am
US Treasury yields have extended their rise following the strong US data reports on Friday; US rates are supporting the USD but gains have been modest; NZD has slipped a little to 0.6880; AUD has slightly underperformed the NZD
US data on Friday saw US Treasury rates move 4-7bps higher across the curve; rise in rates tempered the lift in US equities; currency movements were generally modest, apart from some softness in the yen; NZD met some resistance near the 0.6940 mark
4th Feb 19, 8:19am
US data on Friday saw US Treasury rates move 4-7bps higher across the curve; rise in rates tempered the lift in US equities; currency movements were generally modest, apart from some softness in the yen; NZD met some resistance near the 0.6940 mark
ECB and PMIs pressure euro lower. No US shutdown progress despite new talk. AUD suffers after NAB rate hike that raises bets for RBA cut
25th Jan 19, 8:42am
ECB and PMIs pressure euro lower. No US shutdown progress despite new talk. AUD suffers after NAB rate hike that raises bets for RBA cut
NZD is stronger after yesterday’s CPI report while GBP is stronger on reducing risks for a no-deal Brexit; US equities are retreating after a positive open; NZ 2-year swap rate rose by “only” 1.5bps to 1.93%
24th Jan 19, 7:43am
NZD is stronger after yesterday’s CPI report while GBP is stronger on reducing risks for a no-deal Brexit; US equities are retreating after a positive open; NZ 2-year swap rate rose by “only” 1.5bps to 1.93%