by Warren Head | Dec 5, 2023 | Currency, Economy, Global Share Markets, Money Market
Newsflow has been light to start the week and it has begun with a “risk-off” tone, a reversal of the recent trend, notes BNZ Markets. US Treasury highs have jumped higher, US equities are lower, and the USD is broadly stronger. “It has been a typically quiet start to...
by Warren Head | Dec 4, 2023 | Commodities, Currency, Economy, Money Market
4.12.23 The US dollar moved higher initially on Friday night and remained near the highs until a speech by US Federal reserve chairman Jerome Powell’s, notes BNZ Markets this morning. The dollar index then reversed swiftly in line with lower treasury yields. The euro...
by Warren Head | Dec 1, 2023 | Currency, Economy, Money Market
Global bonds are higher in yield while the US dollar advanced, says BNZ Markets this morning. In currency markets the US Dollar made broad based gains, particularly against European currencies, says Stuart Ritson. The 0.5% increase in the Dollar index trimmed...
by Warren Head | Nov 29, 2023 | Economy, Money Market
The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ's projections signal the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off., says Westpac chief economist Kelly Eckhold. The RBNZ’s...
by Warren Head | Nov 29, 2023 | Economy, Free, NZ Market Daily Report
Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released a no-change decision on the Official Cash Rate (though hedging its opinions on what early New Year might bring and increased resignation to an extended period of current...
by Warren Head | Nov 29, 2023 | Currency, Economy, Global Share Markets, Money Market
The NZD has pushed up to fresh highs, approaching 0.6150, says BNZ Markets this morning. Senior markets strategist Jason Wong says, “US Treasury yields are lower, led by the short end, the USD is weaker and US equities are higher, following comments by Fed Governor...
