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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

10 years 8 months

Latest articles

NZD well supported
US equities plunge on disappointing policy response. UK and euro-area policy makers look more alert – BoE does intra-meeting 50bps cut. Bond curves steeper. NZD settles around 0.63
by Jason Wong
US equities plunge on disappointing policy response. UK and euro-area policy makers look more alert – BoE does intra-meeting 50bps cut. Bond curves steeper. NZD settles around 0.63
NZD under pressure again
Choppy markets, but equities and rates higher. USD rebounds, NZD back on its way down. Governor Orr pushes back on knee-jerk interest rate cuts
by Jason Wong
Choppy markets, but equities and rates higher. USD rebounds, NZD back on its way down. Governor Orr pushes back on knee-jerk interest rate cuts
NZD dumped, then recovers sharply
Oil price plunge causes carnage across markets; Fears of GFC II. Global equities down 5-10%; UST yields down below 0.5%. JPY the preeminent safe-haven
by Jason Wong
1
Oil price plunge causes carnage across markets; Fears of GFC II. Global equities down 5-10%; UST yields down below 0.5%. JPY the preeminent safe-haven
US-NZ interest rate differentials plunge
Markets in panic mode on Friday. Rates down to record lows; VIX up through 50. Weaker USD helps support NZD. Oil prices slump and price war will see a further slump today
by Jason Wong
Markets in panic mode on Friday. Rates down to record lows; VIX up through 50. Weaker USD helps support NZD. Oil prices slump and price war will see a further slump today
Exuberance turns to despair
Risk sentiment sours. US equities dive; UST 10s go sub 0.90%. Safe haven currencies supported but NZD steady at 0.63, AUD weaker
by Jason Wong
4
Risk sentiment sours. US equities dive; UST 10s go sub 0.90%. Safe haven currencies supported but NZD steady at 0.63, AUD weaker
Economic data takes backseat to virus fears
More chunky falls in global equities and global rates on COVID-19 spread. NZD and AUD supported as USD takes a hit. EUR recovers further; GBP under pressure on UK-EU trade talk
by Jason Wong
More chunky falls in global equities and global rates on COVID-19 spread. NZD and AUD supported as USD takes a hit. EUR recovers further; GBP under pressure on UK-EU trade talk
NZD under pressure
Fear factor on COVID-19 dissipates a little. But market still trading cautiously. AUD reaches fresh low; NZD goes sub 0.63
by Jason Wong
Fear factor on COVID-19 dissipates a little. But market still trading cautiously. AUD reaches fresh low; NZD goes sub 0.63
The NZD gets some support
Further falls in global equities and rates. UST10s probe a record low as Fed easing expectations heighten. NZD and AUD well contained; JPY and GBP stronger
by Jason Wong
Further falls in global equities and rates. UST10s probe a record low as Fed easing expectations heighten. NZD and AUD well contained; JPY and GBP stronger
Currencies get off easier than equities or bonds
Market fallout from COVID-19 steps up as virus spreads globally. Equities and global rates plunge. NZD resilient at 0.6350 while JPY favoured
by Jason Wong
2
Market fallout from COVID-19 steps up as virus spreads globally. Equities and global rates plunge. NZD resilient at 0.6350 while JPY favoured
Global virus spread triggers risk pullback
Market alarmed by the global spread of COVID-19. US equities down over 1%; US long bond rate hits record low; USD weaker on poor PMI print. NZD and AUD recover from lows
by Jason Wong
2
Market alarmed by the global spread of COVID-19. US equities down over 1%; US long bond rate hits record low; USD weaker on poor PMI print. NZD and AUD recover from lows
NZD tracking sideways
GBP up on political movements and new fiscal stimulus-friendly Chancellor. More caution on COVID-19 as number of reported cases jumps. NZD and AUD on the soft side while EUR continues to slide
by Jason Wong
GBP up on political movements and new fiscal stimulus-friendly Chancellor. More caution on COVID-19 as number of reported cases jumps. NZD and AUD on the soft side while EUR continues to slide
Hawkish RBNZ pushes Kiwi up 1%
NZD gains post RBNZ MPS but no further progress overnight. Global rates push higher; NZ rates up 10bps or so. EUR remains under pressure
by Jason Wong
2
NZD gains post RBNZ MPS but no further progress overnight. Global rates push higher; NZ rates up 10bps or so. EUR remains under pressure
Near term risks add modest caution
Less fear over coronavirus as rate of increase in cases subsides. US equities up to fresh record; global rates nudge higher. NZD and AUD better bid while safe haven currencies underperform
by Jason Wong
Less fear over coronavirus as rate of increase in cases subsides. US equities up to fresh record; global rates nudge higher. NZD and AUD better bid while safe haven currencies underperform
NZD hostage to global forces
NZD continues to drift lower on coronavirus fears. US 10-year rate down as well. US equities unperturbed
by Jason Wong
NZD continues to drift lower on coronavirus fears. US 10-year rate down as well. US equities unperturbed
NZD falls as coronavirus rises
Spreading coronavirus remains the key market focus. NZD and AUD fall to fresh lows for the year. UST yields turn back down despite robust employment report
by Jason Wong
Spreading coronavirus remains the key market focus. NZD and AUD fall to fresh lows for the year. UST yields turn back down despite robust employment report
Investors embrace risk
US equities at fresh record highs. USD stronger; NZD loses a little ground. Upside pressure on NZ rates
by Jason Wong
US equities at fresh record highs. USD stronger; NZD loses a little ground. Upside pressure on NZ rates
Positive vibes return
Market’s fear over coronavirus fades. Global equities rebound; global rates higher. NZD and AUD push higher
by Jason Wong
Market’s fear over coronavirus fades. Global equities rebound; global rates higher. NZD and AUD push higher
Risk sentiment improves
Some calm restored to markets. US equities and rates higher. GBP hit as UK-EU trade talks in the spotlight. NZD and AUD flat
by Jason Wong
1
Some calm restored to markets. US equities and rates higher. GBP hit as UK-EU trade talks in the spotlight. NZD and AUD flat
Data ignored as China events unfold
Coronavirus fears continue to dominate market price action. Global equities, rates, commodity prices lower. NZD and AUD continue to underperform
by Jason Wong
Coronavirus fears continue to dominate market price action. Global equities, rates, commodity prices lower. NZD and AUD continue to underperform
NZD stays down, rates lower and flatter
Calm returns to markets. US equities up over 1%; US rates higher. NZD underperforms despite higher risk appetite
by Jason Wong
Calm returns to markets. US equities up over 1%; US rates higher. NZD underperforms despite higher risk appetite
Fear pushes economic data to back seat
Spreading coronavirus impacts markets. Global equities and rates head south. NZD, AUD and CNY underperform
by Jason Wong
Spreading coronavirus impacts markets. Global equities and rates head south. NZD, AUD and CNY underperform
NZD lacks a pulse
Fears about spreading coronavirus impacts markets. Commodity prices, US equities, US rates all much lower. Market rate cut expectations in NZ diminish further
by Jason Wong
Fears about spreading coronavirus impacts markets. Commodity prices, US equities, US rates all much lower. Market rate cut expectations in NZ diminish further
NZD soft in illiquid market
GBP up on stronger data. CAD weaker on dovish BoC. NZD and AUD unchanged overnight. Little price action in bonds, equities
by Jason Wong
GBP up on stronger data. CAD weaker on dovish BoC. NZD and AUD unchanged overnight. Little price action in bonds, equities
Davos starts as growth sags
Little change in market pricing with US holiday. IMF nudges global growth forecast lower. BoJ today; Trump speaks at Davos tonight
by Jason Wong
Little change in market pricing with US holiday. IMF nudges global growth forecast lower. BoJ today; Trump speaks at Davos tonight
NZ joins rising global mood
Risk sentiment positive to start the week. NZD flat against a stronger CNY. JPY and GBP underperform. Equities and rates higher
by Jason Wong
Risk sentiment positive to start the week. NZD flat against a stronger CNY. JPY and GBP underperform. Equities and rates higher