Jason Wong

NZD sits at 0.7290 USD, down 0.3% from last week's close; USD reverses Friday's declines, rising against all majors; AUD underperforms, NZDAUD up to 0.9280

NZD sits at 0.7290 USD, down 0.3% from last week's close; USD reverses Friday's declines, rising against all majors; AUD underperforms, NZDAUD up to 0.9280

Yields firmer on better risk sentiment. Dudley talks up Fed options. Eyes turn to new 2029 NZGB, an election consideration?

Yields firmer on better risk sentiment. Dudley talks up Fed options. Eyes turn to new 2029 NZGB, an election consideration?

Weak US inflation data triggers broad based USD weakness; NZDUSD closed the week at 0.7315 and NZDAUD closed around 0.9270

Weak US inflation data triggers broad based USD weakness; NZDUSD closed the week at 0.7315 and NZDAUD closed around 0.9270

Market expectations of US Fed tightening diminish; now end of 2018 before next full 25 bps cut is priced in. NZ swap rates reach fresh 2017 lows

Market expectations of US Fed tightening diminish; now end of 2018 before next full 25 bps cut is priced in. NZ swap rates reach fresh 2017 lows

Rates fall internationally as risk-off mood prevails. Local gains will probably not be sustained here. Eyes on US CPI, but prospects turn dim after weak PPI

Rates fall internationally as risk-off mood prevails. Local gains will probably not be sustained here. Eyes on US CPI, but prospects turn dim after weak PPI

NZD lost ground in the Asian session yesterday and traded a tight range overnight to trade at around 0.7280; geopolitical tensions lead to a stronger Yen; other currency movements were modest

NZD lost ground in the Asian session yesterday and traded a tight range overnight to trade at around 0.7280; geopolitical tensions lead to a stronger Yen; other currency movements were modest

Lower global rates help drag down NZ rates to lowest levels of the year. RBNZ not likely to follow other central anks to remove policy accommodation

Lower global rates help drag down NZ rates to lowest levels of the year. RBNZ not likely to follow other central anks to remove policy accommodation

NZD traded a tight 25 point range and is flat at 0.7330 USD; NZDAUD stretched up to 1.08, a level where investors began taking profit; safe-haven flows saw funds move into the Yen

NZD traded a tight 25 point range and is flat at 0.7330 USD; NZDAUD stretched up to 1.08, a level where investors began taking profit; safe-haven flows saw funds move into the Yen

NZD at the bottom of the leaderboard as traders expect dovish tone from RBNZ; NZ rates were lower and the long end rates outperformed global peers; USD and UST yields were higher

NZD at the bottom of the leaderboard as traders expect dovish tone from RBNZ; NZ rates were lower and the long end rates outperformed global peers; USD and UST yields were higher

Markets eye RBNZ review but don't expect change. Bond yields trade in tight ranges. Slight steepening bias creeping in

Markets eye RBNZ review but don't expect change. Bond yields trade in tight ranges. Slight steepening bias creeping in

NZD is now a full two cents lower from the late July peak, after losing 0.7% to 0.7630 USD; USD holds on to Friday's post employment gains; other commodity currencies down slightly

NZD is now a full two cents lower from the late July peak, after losing 0.7% to 0.7630 USD; USD holds on to Friday's post employment gains; other commodity currencies down slightly

American jobs grow as the Fed needs. Focus now turns to inflation which has been lagging. Markets not pricing rate hike just yet. NZD fares better than others against USD

American jobs grow as the Fed needs. Focus now turns to inflation which has been lagging. Markets not pricing rate hike just yet. NZD fares better than others against USD

NZD saw some selling pressure yesterday but recovered to trade at 0.7440 USD; local yields had a downward bias; global bond yields were lower on BoE policy meeting; JPY topped leaderboard

NZD saw some selling pressure yesterday but recovered to trade at 0.7440 USD; local yields had a downward bias; global bond yields were lower on BoE policy meeting; JPY topped leaderboard

Ultra long bonds an option for the Americans as faster debt increases loom. Markets push out guess as to when next OCR rise due

Ultra long bonds an option for the Americans as faster debt increases loom. Markets push out guess as to when next OCR rise due

Weaker than expected labour market data saw NZD drop to the 0.7435 USD level it is trading this morning; EUR tops leaderboard, now trading at 1.1860 USD; GBP in favour ahead of BoE policy meeting this morning

Weaker than expected labour market data saw NZD drop to the 0.7435 USD level it is trading this morning; EUR tops leaderboard, now trading at 1.1860 USD; GBP in favour ahead of BoE policy meeting this morning

Wholesale rates fall as inflation weaker than expected. Next RBNZ hike not now seen until August 2018. US politics drives down international yields

Wholesale rates fall as inflation weaker than expected. Next RBNZ hike not now seen until August 2018. US politics drives down international yields

NZD lost 60 pips on a soft CPI release but recovered it relatively quickly; USD was under pressure as two Republican senators said they wouldn't support the healthcare bill; AUDUSD tested its highest level in two years

NZD lost 60 pips on a soft CPI release but recovered it relatively quickly; USD was under pressure as two Republican senators said they wouldn't support the healthcare bill; AUDUSD tested its highest level in two years

All eyes on inflation data with expectations low, even below the RBNZ's estimate. Curves flattening on global trends

All eyes on inflation data with expectations low, even below the RBNZ's estimate. Curves flattening on global trends

NZD, AUD and CAD all down from the weekend close, with the NZD opening at 0.7320 USD; GBP 0.3% lower and EUR and JPY are flat; attention today turns to NZ CPI

NZD, AUD and CAD all down from the weekend close, with the NZD opening at 0.7320 USD; GBP 0.3% lower and EUR and JPY are flat; attention today turns to NZ CPI

US CPI was lower than expectations for the fourth consecutive month, USD majors index is down 0.7%, US rates recovered losses to close 1 bps lower; NZD made the smallest gain of all majors against the USD, up 0.4%; local rate curve steepened on Friday

US CPI was lower than expectations for the fourth consecutive month, USD majors index is down 0.7%, US rates recovered losses to close 1 bps lower; NZD made the smallest gain of all majors against the USD, up 0.4%; local rate curve steepened on Friday

NZD and AUD up to 0.7325 and 0.7730 USD respectively, both trading in a significant area of resistance; USD flat prior to inflation release tonight, which has missed the target in the last three releases; global yields up on news of potential ECB tapering

NZD and AUD up to 0.7325 and 0.7730 USD respectively, both trading in a significant area of resistance; USD flat prior to inflation release tonight, which has missed the target in the last three releases; global yields up on news of potential ECB tapering

NZD and AUD up about 0.6% after Janet Yellen's testimony, trading at 0.7265 and 0.7680 USD respectively; Fed may not need to raise rates much further to maintain supply and demand in the economy; CAD outperforms as BoC begins tightening cycle

NZD and AUD up about 0.6% after Janet Yellen's testimony, trading at 0.7265 and 0.7680 USD respectively; Fed may not need to raise rates much further to maintain supply and demand in the economy; CAD outperforms as BoC begins tightening cycle

Falling local yields expected to continue, driven by lower house price inflation, weak food prices, and slipping global rates

Falling local yields expected to continue, driven by lower house price inflation, weak food prices, and slipping global rates

Politics keeps US rates from following European rates up. Focus turns to Yellen testimony. Return of receiving interest noted in local markets

Politics keeps US rates from following European rates up. Focus turns to Yellen testimony. Return of receiving interest noted in local markets

Weak electronic card transactions and ANZ inflation gauge saw the NZD fall to 0.7202 USD prior to recovering to 0.7240 as the USD weakened; USD lower as emails suggest that Russian government helped Trump campaign; EURUSD rises to 14-month high

Weak electronic card transactions and ANZ inflation gauge saw the NZD fall to 0.7202 USD prior to recovering to 0.7240 as the USD weakened; USD lower as emails suggest that Russian government helped Trump campaign; EURUSD rises to 14-month high