by Warren Head | May 15, 2025 | Currency
15.5.25 Markets are in a consolidation mode, after a flurry of American trade deals from shuttle diplomacy. Markets appear singularly focussed on attempting to gauge the extent of the damage caused by both the deglobalisation of trade and the rules-based system upon...
by Warren Head | Dec 16, 2024 | Currency, Economy
16.12.24 The US dollar index was little changed overall in the offshore session Friday, but this masked divergent performance for major currencies, says BNZ Markets. “The yen weakened in line with the higher UST yields while the euro traded higher against the dollar,”...
by Warren Head | Dec 4, 2024 | Currency, Latest News
The big news overnight was a shock move by South Korea’s president to declare martial law on domestic political grounds, notes BNZ Markets. This follows months of wrangling and a deadlock in parliament between the president’s minority government and the main...
by Warren Head | Nov 27, 2024 | Currency, Economy
27.11.24 The US dollar made sharp gains in the Asian session yesterday, records BNZ Markets this morning. US treasury yields moved higher across the curve, partially retracing the sharp decline, from the previous session, notes Stuart Ritson, senior fixed interest...
by Warren Head | Nov 25, 2024 | Currency, Economy
25.11.24 Surprising falls in UK and Euro area PMIs against surprising strength in the US PMI drove down European yields and currencies on Friday while supporting the USD, says BNZ Markets. The euro was down over 1½% to a fresh two-year low before recovering. The NZ...
by Warren Head | Oct 15, 2024 | Currency
15.10.24 The NZD and AUD opened trading on a weaker note overnight although that soon morphed into a broad pattern of USD strength, says BNZ Markets. “NZD crosses show only small movements from last week’s close,”: says Jason Wong, senior markets strategist at BBZ...
