Currency
NZ dollar outperforms
The NZD rose again on Friday, despite this broad-based USD strength, with upbeat comments from RBNZ Deputy Governor Bascand providing support, says Nick Smyth at BNZ Markets.
Four month high for Kiwi
Markets have largely been in a pre-payrolls holding pattern overnight, says Nick Smyth at BNZ Markets. Treasury yields have nudged up, equity markets are little changed, and the USD has continued to drift lowe ...Sterling breaks higher
US equities and bonds reversed course from the previous night’s chunky movements after more trade news headlines, this time with a more positive tone, says Jason Wong at BNZ Markets. ...NZD holds up above 0.65
US equities have slumped 1% and US treasury yields have rallied hard after President Trump’s comments to reporters about the US-China trade deal, notes Jason Wong at BNZ Markets. ...Volatility returns to the Kiwi
After what was an exceptionally quiet November, there have already been some big moves to kick off December, says Nick Smyth at BNZ Markets. Global rates have increased sharply, on increased talk of fiscal stimulus. ...Low volatility for the Kiwi
Friday again saw limited moves across asset classes (oil excluded) with market participation and trading activity lighter than usual after Thanksgiving. copmments Nick Smyth at BNZ Markets. ...NZD stuck in a tight range
The US Thanksgiving holiday has meant markets have barely moved, making a dull week even duller, says Jason Wong at BNZ Markets. ...Market ignores trade news
Another day, another fresh high in the S&P500, although gains have been modest, says Jason Wong at BNZ Markets. Currency markets remain range-bound while global rates have ticked lower. ...Sterling shows some life
Our celebration yesterday of a new week after last week’s snooze-fest in markets has proved ill-considered as the new week has produced more of the same, says Jason Wong at BNZ Markets. ...Kiwi in a tight range
Last week ended on a fairly quiet note. EUR and GBP underperformed, following weak PMI data while the NZD continued to trade in a tight range, says Jason Wong at BNZ Markets. ...
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Latest ArticlesNZ dollar outperforms
The NZD rose again on Friday, despite this broad-based USD strength, with upbeat comments from RBNZ Deputy Governor Bascand providing support, says Nick Smyth at BNZ Markets. ...- Westpac Posts $1.6bn 1Q profit (0)
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