by Warren Head | Apr 5, 2024 | Currency, Economy, Global Share Markets, Money Market
The US dollar is broadly weaker, with the NZD and AUD outperforming against a backdrop of rising commodity prices, notes BNZ Markets this morning. The NZD is trading at 0.6045, with NZD/AUD falling to a 9-month low around 0.9130. Risk appetite is higher ahead of the...
by Warren Head | Apr 4, 2024 | Economy, Free
4.4.24 Consumer Confidence and Business Outlook surveys undertaken by the ANZ Bank have showed a deteriorating economic landscape. “Weakness in the economy is of course the RBNZ’s plan,” says ANZ. “But the fact that the adjustment is necessary doesn’t make it any...
by Warren Head | Apr 4, 2024 | Currency, Economy, Global Share Markets, Money Market
In currency markets, the US dollar fell sharply on markets overnight, notes BNZ Markets this morning. “Gold prices extended to fresh record highs, above US$2290 per troy ounce, having gained more than 15% since mid-February,” says Stuart Ritson, senior fixed...
by Warren Head | Apr 3, 2024 | Currency, Economy, Global Share Markets, Money Market
3.4.21 Global rates are higher, with the US 10-year Treasury yield reaching a fresh high for the year of 4.40%, not helped by oil prices rising to fresh year-to-date highs, notes BNZ Markets this morning. Equity investors are showing further signs of fatigue, with the...
by Warren Head | Apr 2, 2024 | Currency, Economy, Global Share Markets, Money Market
2.4.24 Stronger than expected US ISM manufacturing data contributed to sharply higher treasury yields, which supported the dollar, and saw US equities start the new quarter on a soft note, comments BNZ Markets this morning The S&P was down 0.4% in early afternoon...
by Warren Head | Mar 28, 2024 | Currency, Economy, Global Share Markets, Money Market
The yen fell overnight to its lowest level against the US Dollar since 1990 in Asian trade with interest rate differentials continuing to weigh, says BNZ Markets. USD/JPY reached highs just below 152, which prompted a round of verbal intervention by Japanese...
