by Warren Head | May 22, 2026 | Currency
22.5.26 Iran is reportedly responding to a US proposal that, according to an Iranian news agency, “has narrowed the gaps to some extent”. Treasury yields were modestly lower across the curve, while initial gains in the US dollar faded. Oil prices were volatile on...
by Warren Head | May 22, 2026 | Currency
21.5.26 Risk sentiment improved in midweek on hopes that the Middle East conflict is nearing an end, supported by comments from US President Trump and signs of increased traffic through the Strait of Hormuz. Brent crude plunged 6% to US$105 a barrel, global rates have...
by Warren Head | Apr 17, 2026 | Currency
17.4.26 Markets are trading cautiously ahead of the weekend, with oil prices up nearly 5%, US Treasury yields a little higher and the USD a little stronger, reports BNZ Markets. The NZD has slipped back below 0.59. US equities continue their record-breaking run, In...
by Warren Head | Mar 27, 2026 | Commodities, Currency, Economy, Money Market
27.3.26 Oil prices, the US dollar, and bond yields all rose amid market scepticism that a de-escalation in the Iran war was likely soon, reports Westpac this morning. Currencies: “The US dollar index is up 0.3% on the day. EUR fell from 1.1570 to 1.1523. USD/JPY rose...
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...
