Kymberly Martin

Currency markets undaunted by higher NZD from USD weakness, unshaken by prospect of more RBNZ rate cuts. NZD rises against others too

Currency markets undaunted by higher NZD from USD weakness, unshaken by prospect of more RBNZ rate cuts. NZD rises against others too

Two year swap may trade down to 2% in coming weeks/months, a -20 bps fall from here, says BNZ. Eyes today on inflation expectations

Two year swap may trade down to 2% in coming weeks/months, a -20 bps fall from here, says BNZ. Eyes today on inflation expectations

NZD shows striking strength against both the USD and AUD. Currency markets eyeing data on NZ inflation expectations and US payrolls

NZD shows striking strength against both the USD and AUD. Currency markets eyeing data on NZ inflation expectations and US payrolls

Yellen sets dovish tone and equities burst higher, bond yields fell. Big new NZGB syndication announced. Analysts turn focus to US non-farm payrolls

Yellen sets dovish tone and equities burst higher, bond yields fell. Big new NZGB syndication announced. Analysts turn focus to US non-farm payrolls

US PCE inflation stuck at 1% despite upward revision to US GDP. Strong demand for NZGBs with them outperforming related benchmarks

US PCE inflation stuck at 1% despite upward revision to US GDP. Strong demand for NZGBs with them outperforming related benchmarks

US PCE deflator drops to 1%, USD trades lower; market continues to ponder future Fed hikes; BNZ revise forecasts for NZD/USD & AUD/USD to 61c & 69c respectively

US PCE deflator drops to 1%, USD trades lower; market continues to ponder future Fed hikes; BNZ revise forecasts for NZD/USD & AUD/USD to 61c & 69c respectively

Iran to boost oil product to pre-sanction levels; Fonterra dairy auction indicators more positive; USD strengthens ahead of FOMC; JPY rise as risk appetite subsides

Iran to boost oil product to pre-sanction levels; Fonterra dairy auction indicators more positive; USD strengthens ahead of FOMC; JPY rise as risk appetite subsides

Booming local service sector doesn't change market settings. Foreign holdings of NZGBs remains high, boosted by safety and yield

Booming local service sector doesn't change market settings. Foreign holdings of NZGBs remains high, boosted by safety and yield

RBNZ rate cut impact on NZD short lived; European credit spreads narrow on improved sentiment; Brexit fears less acute; AUD may be sold-off on release of weaker Chinese data

RBNZ rate cut impact on NZD short lived; European credit spreads narrow on improved sentiment; Brexit fears less acute; AUD may be sold-off on release of weaker Chinese data

RBNZ keeps short end swaps down, US Fed pushes long end up. Curve steepens

RBNZ keeps short end swaps down, US Fed pushes long end up. Curve steepens

ECB inspires volatility with rate cut but warns no further downward moves may be delivered; NZD/USD consolidates above 66.5c reversing some of yesterday's move lower

ECB inspires volatility with rate cut but warns no further downward moves may be delivered; NZD/USD consolidates above 66.5c reversing some of yesterday's move lower

After all the RBNZ and ECB moves that brought a number of surprises, the result may be a steeper NZ rate curve

After all the RBNZ and ECB moves that brought a number of surprises, the result may be a steeper NZ rate curve

Risks tilted to RBNZ statement not being dovish enough, NZD could head higher; EUR positioning ahead of important ECB meeting tonight

Risks tilted to RBNZ statement not being dovish enough, NZD could head higher; EUR positioning ahead of important ECB meeting tonight

Volatility infects markets usually safe and stready. Yields trending higher in the US, Japan and Germany, but NZ still appears the most attractive despite recent falls

Volatility infects markets usually safe and stready. Yields trending higher in the US, Japan and Germany, but NZ still appears the most attractive despite recent falls

Eyes on central bank moves, especially the ECB who are expected to go deeper in to negative rates. Markets may be harsh if they don't

Eyes on central bank moves, especially the ECB who are expected to go deeper in to negative rates. Markets may be harsh if they don't

Commodity prices pull back; softer China trade balance dampens market sentiment back; challenge for RBNZ will be to sound sufficiently dovish to prevent a knee-jerk bounce in NZD

Commodity prices pull back; softer China trade balance dampens market sentiment back; challenge for RBNZ will be to sound sufficiently dovish to prevent a knee-jerk bounce in NZD

Oil futures up 3% overnight, ‘oil-linked’ CAD and NOK follow suit; Brexit could see NZD/GBP back at 0.5000; decline in China's FX reserves slows; AUD/USD up 1% from lows

Oil futures up 3% overnight, ‘oil-linked’ CAD and NOK follow suit; Brexit could see NZD/GBP back at 0.5000; decline in China's FX reserves slows; AUD/USD up 1% from lows

Markets comfortable with positions ahead of RBNZ's MPS. UST 10yr yields approaching 2% which should see support

Markets comfortable with positions ahead of RBNZ's MPS. UST 10yr yields approaching 2% which should see support

US payrolls report a 'goldilocks' print, non-farm payrolls beats expectations; both NZD and AUD stronger against USD as oil price rises again; China growth target set at 6.5% - 7%

US payrolls report a 'goldilocks' print, non-farm payrolls beats expectations; both NZD and AUD stronger against USD as oil price rises again; China growth target set at 6.5% - 7%

RBNZ unlikely to cut this week but may signal an easing bias. US rates rise on US payrolls report. German rates rise +7 bps

RBNZ unlikely to cut this week but may signal an easing bias. US rates rise on US payrolls report. German rates rise +7 bps

ECB discusses pre-emptive moves to counter downside risks; GBP will remain vulnerable to renewed ‘Brexit’ fears; cyclical low for NZD/USD seen around 60c

ECB discusses pre-emptive moves to counter downside risks; GBP will remain vulnerable to renewed ‘Brexit’ fears; cyclical low for NZD/USD seen around 60c

Short end yields restrained by weak Aussie employment. But uninspiring NZ yields look attractive compared to German, Swiss and Japanese equivalents

Short end yields restrained by weak Aussie employment. But uninspiring NZ yields look attractive compared to German, Swiss and Japanese equivalents

WTI oil price up over 6%; NZ specific commodity price movement will have more influence on NZD; cyclical trough in NZD/USD not seen yet; volatile night for GBP on rising unemployment

WTI oil price up over 6%; NZ specific commodity price movement will have more influence on NZD; cyclical trough in NZD/USD not seen yet; volatile night for GBP on rising unemployment

UST 10-year yields rise sharply as risk appetite improves. Equities rise. NZ credit 'difficult' but rising spreads may bring reassessment

UST 10-year yields rise sharply as risk appetite improves. Equities rise. NZ credit 'difficult' but rising spreads may bring reassessment

Markets jolted by RBNZ's inflation expectations survey. Overseas bond markets calm. Eyes on LGFA tender

Markets jolted by RBNZ's inflation expectations survey. Overseas bond markets calm. Eyes on LGFA tender