sign up log in
Want to go ad-free? Find out how, here.

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 7 months

Latest articles

NZD upside hampered by global risks
Positive newsflow supports equities but UST yields and commodity currencies slip regardless. The GBP nudges higher on polling ahead of UK election
by Jason Wong
Positive newsflow supports equities but UST yields and commodity currencies slip regardless. The GBP nudges higher on polling ahead of UK election
TGIM
EUR and GBP weaker on soft PMIs. US data relatively stronger. NZD flat; tight range maintained through the week
by Jason Wong
EUR and GBP weaker on soft PMIs. US data relatively stronger. NZD flat; tight range maintained through the week
A risk-off market tone sees commodity currencies weaker
A run of weaker global economic data sees both the AUD and NZD underperform and a decent rally in US treasuries
by Jason Wong
1
A run of weaker global economic data sees both the AUD and NZD underperform and a decent rally in US treasuries
NZD holds its move higher
NZD sustains move higher post RBNZ’s on-hold decision. NZD rates up 10-15bps. Global rates head lower
by Jason Wong
NZD sustains move higher post RBNZ’s on-hold decision. NZD rates up 10-15bps. Global rates head lower
A 'futile' rate cut won't change much
NZD back to where it began the week with markets a little more confident in a rate cut today. Little overnight news to drive directions
by Jason Wong
9
NZD back to where it began the week with markets a little more confident in a rate cut today. Little overnight news to drive directions
NZD suffers from nerves ahead of the MPS
GBP higher as Brexit Party won’t contest all electorates. NZD higher after last week’s inexplicable underperformance and ripe for further gains as model flashes “cheap”
by Jason Wong
GBP higher as Brexit Party won’t contest all electorates. NZD higher after last week’s inexplicable underperformance and ripe for further gains as model flashes “cheap”
NZD down to a 3-week low
Optimism on trade deal hosed down by Trump. But US equities, US rates and USD rise regardless. China trade data better than expected
by Jason Wong
Optimism on trade deal hosed down by Trump. But US equities, US rates and USD rise regardless. China trade data better than expected
The NZD doesn't catch global optimism wave
Further optimism on trade deal, with possible tariff roll-backs. Drives US equities to fresh record and a chunky US bond market sell-off. NZD unmoved on the higher risk appetite, despite gains for AUD, CNY
by Jason Wong
Further optimism on trade deal, with possible tariff roll-backs. Drives US equities to fresh record and a chunky US bond market sell-off. NZD unmoved on the higher risk appetite, despite gains for AUD, CNY
NZD slightly lower
Possible delay to trade deal signing. Sends US rates, NZD down to bottom of ranges. Unquestionable NZ domestic inflation pulse.
by Jason Wong
2
Possible delay to trade deal signing. Sends US rates, NZD down to bottom of ranges. Unquestionable NZ domestic inflation pulse.
NZD now below fair value
US-China trade deal optimism; Stronger US ISM non-manufacturing index see higher US rates and USD. NZD weaker despite positive news, ahead of key labour market data
by Jason Wong
1
US-China trade deal optimism; Stronger US ISM non-manufacturing index see higher US rates and USD. NZD weaker despite positive news, ahead of key labour market data
New Zealand dollar is the worst performer
NZD, AUD, GBP underperform. Early UK election called, but Boris needs a 2/3rds majority to push through. Rates drift lower
by Jason Wong
6
NZD, AUD, GBP underperform. Early UK election called, but Boris needs a 2/3rds majority to push through. Rates drift lower
NZD trends higher
Quiet overnight trading. GBP steady after falling yesterday morning post Brexit votes. NZD drifts up overnight; NZ rates reverse course
by Jason Wong
Quiet overnight trading. GBP steady after falling yesterday morning post Brexit votes. NZD drifts up overnight; NZ rates reverse course
Short trading limits NZD upside
Little action in markets ahead of Brexit votes at 7am and 7:30am NZ time. The NZD slips overnight after some modest upside yesterday. NZ rates continue to track higher
by Jason Wong
Little action in markets ahead of Brexit votes at 7am and 7:30am NZ time. The NZD slips overnight after some modest upside yesterday. NZ rates continue to track higher
Rising sentiment boosts NZD and local rates
Brexit vote to be held tomorrow. Risk sentiment positive ahead of that and positive US-China trade vibe. Higher global rates and small outperformance for commodity currencies
by Jason Wong
Brexit vote to be held tomorrow. Risk sentiment positive ahead of that and positive US-China trade vibe. Higher global rates and small outperformance for commodity currencies
Large net short speculative positions in the NZD
Saturday humiliation for Australia, Ireland and Boris Johnson, but at least Boris has a chance to bounce back this week. NZD and AUD close at month-highs
by Jason Wong
Saturday humiliation for Australia, Ireland and Boris Johnson, but at least Boris has a chance to bounce back this week. NZD and AUD close at month-highs
The New Zealand dollar gains +1%
A fresh UK/EU Brexit deal but will it get through UK Parliament? GBP and UST10s spike up, but then fall back as opposition to deal evident. NZD and AUD outperform, both up 1%
by Jason Wong
4
A fresh UK/EU Brexit deal but will it get through UK Parliament? GBP and UST10s spike up, but then fall back as opposition to deal evident. NZD and AUD outperform, both up 1%
Data undermines more RBNZ rate cut prospects
Hopes for US-China détente and Brexit deal. Support risk appetite; Equities and rates higher. GBP up 1.8%; Mild support for NZD
by Jason Wong
3
Hopes for US-China détente and Brexit deal. Support risk appetite; Equities and rates higher. GBP up 1.8%; Mild support for NZD
NZD holds despite mixed data
China still keen on an interim trade deal. Such talk lifts US equities, rates. But currencies unmoved
by Jason Wong
China still keen on an interim trade deal. Such talk lifts US equities, rates. But currencies unmoved
The trade mood music is really bad
More bad news ahead of trade talks. Sees risk appetite sour. NZD back below 0.63. GBP weaker as Brexit deal looks impossible
by Jason Wong
4
More bad news ahead of trade talks. Sees risk appetite sour. NZD back below 0.63. GBP weaker as Brexit deal looks impossible
China turns tougher in trade war talks
Focus turns to key US-China trade talks. A quiet start to the week with the NZD, AUD, CNY on the soft side ahead of that
by Jason Wong
2
Focus turns to key US-China trade talks. A quiet start to the week with the NZD, AUD, CNY on the soft side ahead of that
NZD holds but local rates sink
US unemployment rate falls to 50-year low. Supports risk assets, although modest reaction for US rates, currencies. NZ rates fall to fresh record lows
by Jason Wong
US unemployment rate falls to 50-year low. Supports risk assets, although modest reaction for US rates, currencies. NZ rates fall to fresh record lows
Orr speech boosts NZD
US politics and trade war remain in focus. Modest risk off tone prevailing. But NZD gains after Orr speech yesterday
by Jason Wong
US politics and trade war remain in focus. Modest risk off tone prevailing. But NZD gains after Orr speech yesterday
NZD post OCR move higher fleeting
No smoking gun in Trump-Ukraine President transcript. US equities, rates and USD all higher. NZD underperforms slightly post RBNZ OCR Review
by Jason Wong
No smoking gun in Trump-Ukraine President transcript. US equities, rates and USD all higher. NZD underperforms slightly post RBNZ OCR Review
Americans expecting business conditions to worsen at a 6-year high
Impeachment of Trump on the agenda, soft US data sending US equities, US rates and USD lower. AUD and NZD supported by upbeat speech by RBA Governor Lowe, ahead of RBNZ OCR review today
by Jason Wong
3
Impeachment of Trump on the agenda, soft US data sending US equities, US rates and USD lower. AUD and NZD supported by upbeat speech by RBA Governor Lowe, ahead of RBNZ OCR review today
Lower European rates have dragged down US Treasury yields
NZD recovers some of last week’s losses. Euro area PMIs lurch down further, dragging down EUR and global rates
by Jason Wong
NZD recovers some of last week’s losses. Euro area PMIs lurch down further, dragging down EUR and global rates