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Kymberly Martin
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NZD hit by RBNZ inflation expectations survey; dairy auction prices down again; USD rallies, equity markets rise strongly, credit spreads close
NZD hit by RBNZ inflation expectations survey; dairy auction prices down again; USD rallies, equity markets rise strongly, credit spreads close
Markets settle, credit spreads narrow and oil moves modestly higher; risky currencies climb while JPY and EUR underperform
Markets settle, credit spreads narrow and oil moves modestly higher; risky currencies climb while JPY and EUR underperform
Local rate direction in hands of global backdrop. Eyes on both the LGFA tender and GDT prices, which could fall another -10%
Local rate direction in hands of global backdrop. Eyes on both the LGFA tender and GDT prices, which could fall another -10%
Better-than-expected US retail, and bounce in the oil price buoys the USD. AUD also strengthens. These combined to press the NZD lower
Better-than-expected US retail, and bounce in the oil price buoys the USD. AUD also strengthens. These combined to press the NZD lower
NZ 2yr swap at lowest level since November 2012. More declines expected although markets unsure about matching OCR cut
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NZ 2yr swap at lowest level since November 2012. More declines expected although markets unsure about matching OCR cut
US & European financial stocks fall heavily, credit spreads widen; eye catching JPY outperformance; battered global risk appetite not impacting NZD or AUD as much as others
US & European financial stocks fall heavily, credit spreads widen; eye catching JPY outperformance; battered global risk appetite not impacting NZD or AUD as much as others
Risk appetite evaporates in rush for safe havens for capital holdings. Yellen says low oil prices and low inflation 'transitory'
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Risk appetite evaporates in rush for safe havens for capital holdings. Yellen says low oil prices and low inflation 'transitory'
Yellen does not close door on future rate hikes; volatility in GBP after disappointing industrial production numbers; AUD and NZD holding their own against USD
Yellen does not close door on future rate hikes; volatility in GBP after disappointing industrial production numbers; AUD and NZD holding their own against USD
Markets price in rate cuts from RBA and RBNZ, hikes from US Fed; anaysts not so sure. Yellen's a 'balanced view'. Eyes on NZ PMI
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Markets price in rate cuts from RBA and RBNZ, hikes from US Fed; anaysts not so sure. Yellen's a 'balanced view'. Eyes on NZ PMI
Swiss franc and Japanese yen find favour as safe haven currencies. NZD rises. Markets await Yellen guidance as risk shunned
Swiss franc and Japanese yen find favour as safe haven currencies. NZD rises. Markets await Yellen guidance as risk shunned
Even though yields worldwide keep falling, including in New Zealand, NZGB yields still appear attractive to international investors
Even though yields worldwide keep falling, including in New Zealand, NZGB yields still appear attractive to international investors
Risk-sensitive assets under pressure reflecting concerns for credit quality, corporate earnings outlook and cyclical growth; NZD/USD resistance around 67c, support at 65c
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Risk-sensitive assets under pressure reflecting concerns for credit quality, corporate earnings outlook and cyclical growth; NZD/USD resistance around 67c, support at 65c
Sharp widening in credit spreads after markets rush to safety as financials and cyclical sectors feel the pressure. Markets price just one cut in 2016
Sharp widening in credit spreads after markets rush to safety as financials and cyclical sectors feel the pressure. Markets price just one cut in 2016
Market views diverging more from US Fed views, setting up pain somewhere later in 2016. Similar divergence in NZ
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Market views diverging more from US Fed views, setting up pain somewhere later in 2016. Similar divergence in NZ
Rate curves tighten as levels fall. Oil trying to rise, but move is modest. US Fed and ECB officials talk about their options
Rate curves tighten as levels fall. Oil trying to rise, but move is modest. US Fed and ECB officials talk about their options
NZD jumps on improved market sentiment; positive oil price movement snaps losing streak; Aussie labour market improvements
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NZD jumps on improved market sentiment; positive oil price movement snaps losing streak; Aussie labour market improvements
China's trade balance stronger than expected, lifting both NZD & AUD; US EIA data showing rising oil inventories curtails price recovery
China's trade balance stronger than expected, lifting both NZD & AUD; US EIA data showing rising oil inventories curtails price recovery
US 10-year treasury yields still falling as markets and Fed weigh impact of 'offshore developments'. BofE likely to put off any hikes
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US 10-year treasury yields still falling as markets and Fed weigh impact of 'offshore developments'. BofE likely to put off any hikes
US 10-year treasury yield could be 2% shortly if commodity prices continue downtrend; NZ yields at mercy of offshore markets in face of little domestic data
US 10-year treasury yield could be 2% shortly if commodity prices continue downtrend; NZ yields at mercy of offshore markets in face of little domestic data
Commodity price index down nearly 13%; Risk appetite subdued; Chinese authorities prefer stability over flexibility for Yuan; plunge in UK industrial production
Commodity price index down nearly 13%; Risk appetite subdued; Chinese authorities prefer stability over flexibility for Yuan; plunge in UK industrial production
WTI oil price down 6%, now sitting at December 2008 levels; Chinese officials want Yuan to stabilise; NZD/USD finds support in mid 65c level
WTI oil price down 6%, now sitting at December 2008 levels; Chinese officials want Yuan to stabilise; NZD/USD finds support in mid 65c level
Curves flatten to near bottom end of expected 2016 range. Markets see fewer Fed hikes
Curves flatten to near bottom end of expected 2016 range. Markets see fewer Fed hikes
Strong US jobs data doesn't beat market risk aversion. NZD falling on evaporating confidence in China's market and policy trends
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Strong US jobs data doesn't beat market risk aversion. NZD falling on evaporating confidence in China's market and policy trends
Influences on NZ rates tugged between US and China data, linked by the Fed's rate hike plans. NZ rate curves steepen
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Influences on NZ rates tugged between US and China data, linked by the Fed's rate hike plans. NZ rate curves steepen
Wheeler will not be pleased with currency markets. TWI and OCR expectations now in a circular process
Wheeler will not be pleased with currency markets. TWI and OCR expectations now in a circular process