by Warren Head | Feb 11, 2026 | Currency, Economy, Money Market
11/2/26 Softer than expected US retail sales supported the case for Fed rate cuts which contributed to a decline in treasury yields and a stronger yen, notes BNZ Markets this morning. US retail sales were unexpectedly flat in December which was well below the 0.4%...
by Warren Head | Jan 29, 2026 | Currency
29.1.26 US President Donald Trump got the attention of currency markets this week when he added to US dollar downside pressure. He told reporters he was not worried about the recent decline in the currency, saying “No, I think it’s great” notes BNZ Markets. US...
by Warren Head | Jan 28, 2026 | Currency, Money Market
The US dollar remained under pressure overnight and made broad based losses against G10 currencies, with the dollar index falling to a four-year low, reports BNZ Markets. “The widely watched dollar index (DXY) is on track for the sharpest 4- day decline since the...
by Warren Head | Dec 18, 2025 | Currency
Net currency moves have been small overnight BNZ Markets comments that JPY is the weakest of the majors, down 0.4% overnight which sees USD/JPY up to 155.50. An expected Bank of Japan hike tomorrow is almost fully priced and some traders don’t see any yen upside from...
by Warren Head | Jul 29, 2025 | Currency
After digesting the weekend news of a US-EU trade deal, the net result has been a slump in the euro, a modest fall in European equity markets and a modest fall in European bond yields, reports BNZ Markets “The USD is broadly stronger, reversing last week’s loss,” said...
by Warren Head | Jun 30, 2025 | Currency
30.5.25 The US dollar was stable on the major crosses but made modest gains against the dollar-bloc currencies. Although the moves were not large, the Canadian dollar (CAD) was the weakest G10 currency after the trade policy developments, notes Stuart Ritson at BNZ...
