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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 7 months

Latest articles

NZ long dated yields rise to fresh highs
NZ bond and swap yields up across the curve on increased monetary policy tightening expectations; UST rates lower, 2yr and 10yr rates down 2bps and 1bps respectively; UK and German 10yr rates fall by 5bps
by Jason Wong
NZ bond and swap yields up across the curve on increased monetary policy tightening expectations; UST rates lower, 2yr and 10yr rates down 2bps and 1bps respectively; UK and German 10yr rates fall by 5bps
NZD falls for the third consecutive day
NZD down 1.1% for the day and 2.4% for the week; AUD investors nervous ahead of fiscal update, which may result in a ratings downgrade from AAA; USD slightly down against the GBP, EUR and JPY
by Jason Wong
NZD down 1.1% for the day and 2.4% for the week; AUD investors nervous ahead of fiscal update, which may result in a ratings downgrade from AAA; USD slightly down against the GBP, EUR and JPY
European tailwind helps US rates fall
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
by Jason Wong
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
NZD continues to test the 0.7160 level
NZD back up to the 0.7155 levels based on a slightly weaker USD; GBP down 0.6% on lower UK industrial production; AUD bounces back to 0.7470 after negative GDP figures
by Jason Wong
NZD back up to the 0.7155 levels based on a slightly weaker USD; GBP down 0.6% on lower UK industrial production; AUD bounces back to 0.7470 after negative GDP figures
'Oversold' Kiwi heads to 72 USc
The NZD heading up and 'a fairer price in a world where risk appetite remains solid and commodity prices remain on an upward path'
by Jason Wong
The NZD heading up and 'a fairer price in a world where risk appetite remains solid and commodity prices remain on an upward path'
Expect local rates to slip today
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
by Jason Wong
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
Emerging market contagion
Forces behind sell-off in emerging market currencies impacting NZD; positive seasonal factors can push NZD higher; improving global activity indicators supporting commodities
by Jason Wong
Forces behind sell-off in emerging market currencies impacting NZD; positive seasonal factors can push NZD higher; improving global activity indicators supporting commodities
'Vulnerabilities remain significant for euro-area banks'
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
by Jason Wong
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
USD dominant
US economic data better than expected; NZD/USD breaks below 70c; GBP only gainer against USD
by Jason Wong
US economic data better than expected; NZD/USD breaks below 70c; GBP only gainer against USD
Upward pressure on yields
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
by Jason Wong
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
Market waiting for key Trump appointments
Trump's day one plans released via video; equity markets support Trump's actions as records set; NZD/USD range-bound
by Jason Wong
Trump's day one plans released via video; equity markets support Trump's actions as records set; NZD/USD range-bound
Pause in bond selloff
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
by Jason Wong
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
USD takes a break
Some gloss comes off USD rise; record high for S&P500; commodity currencies best performers; NZD/AUD probes 96c level
by Jason Wong
Some gloss comes off USD rise; record high for S&P500; commodity currencies best performers; NZD/AUD probes 96c level
Politics strain markets
Fed's Fischer warns of limits to expanding the US fiscal deficit without 'consequences'. EU political stresses move into focus
by Jason Wong
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Fed's Fischer warns of limits to expanding the US fiscal deficit without 'consequences'. EU political stresses move into focus
Greenback grinds higher
Currency markets still coming to terms with the Trump world-view. Local strength from higher milk payout, rising confidence, higher retail means NZD gets hit less
by Jason Wong
Currency markets still coming to terms with the Trump world-view. Local strength from higher milk payout, rising confidence, higher retail means NZD gets hit less
'More debt, higher inflation, and tighter monetary policy'
New Zealand gets a "good old-fashioned bond selloff" and swaps get significant bear-steepening, following sharp changes on Wall Street
by Jason Wong
New Zealand gets a "good old-fashioned bond selloff" and swaps get significant bear-steepening, following sharp changes on Wall Street
Conciliatory tone from Trump turns markets
Trump curve-ball creates more uncertainty for markets; NZD/USD sold off, but could rebound on RBNZ statement; US stock markets up
by Jason Wong
Trump curve-ball creates more uncertainty for markets; NZD/USD sold off, but could rebound on RBNZ statement; US stock markets up
Expect local rates to rise and steepen
If the RBNZ cuts the OCR today, that will only tone down the market rises in interest rates which seem unavoidable. Trump win sets up a more hawkish US Fed
by Jason Wong
If the RBNZ cuts the OCR today, that will only tone down the market rises in interest rates which seem unavoidable. Trump win sets up a more hawkish US Fed
NZD at 5 week high
Volatility rises, oil lower again, worries over Trump threats unabated. GDP gets 'triple whammy of good news'
by Jason Wong
Volatility rises, oil lower again, worries over Trump threats unabated. GDP gets 'triple whammy of good news'
Global rates rise
Eyes on US non-farm payrolls. Expected RBNZ rate cut will be the last, says market pricing. UK moves from an easing to neutral bias
by Jason Wong
Eyes on US non-farm payrolls. Expected RBNZ rate cut will be the last, says market pricing. UK moves from an easing to neutral bias
Fed closer to pulling the trigger
NZD claims 'best performer' status on run of good economic data. US Fed statement moves markets very little. AUD and CAD struggle
by Jason Wong
NZD claims 'best performer' status on run of good economic data. US Fed statement moves markets very little. AUD and CAD struggle
Global risk off
US Fed leaves rates unchanged, signals December hike. NZ rates rise on strong labour market report, in contrast to other markets where wholesale rates fell
by Jason Wong
US Fed leaves rates unchanged, signals December hike. NZ rates rise on strong labour market report, in contrast to other markets where wholesale rates fell
US dollar weaker
NZD drifts lower despite bumper dairy auction. RBA decision a non-event. EUR a ley beneficiary of weaker greenback. Volatility rising
by Jason Wong
NZD drifts lower despite bumper dairy auction. RBA decision a non-event. EUR a ley beneficiary of weaker greenback. Volatility rising
Horror October extends into November
Rising yields cut bond prices. Local eyes on HLFS and inflation expectations. US Fed will stay quiet during election campaign
by Jason Wong
Rising yields cut bond prices. Local eyes on HLFS and inflation expectations. US Fed will stay quiet during election campaign
Greenback hits selling pressure
USD up as oil falls as producers can't agree on output cuts. Carney to stay at BofE. BofJ policy not working
by Jason Wong
USD up as oil falls as producers can't agree on output cuts. Carney to stay at BofE. BofJ policy not working