by Warren Head | Dec 5, 2022 | Currency, Economy, Money Market
The NZ dollar continued to power higher, ending the week above the 0.64 mark for the first time in over three months while the NZD/AUD cross hit 0.94 for the first time since January, notes BNZ Markets. “ NZ rates were sharply lower on Friday, with the market starting...
by Warren Head | Dec 2, 2022 | Currency, Economy, Money Market
2.12.22 The USD remains under pressure, falling further after Fed Chair Jerome Powell’s speech yesterday and some softer overnight data helping sustain the move, notes BNZ Markets. “The NZD traded as high as 0.64 overnight, continuing its outperforming run while...
by Warren Head | Dec 1, 2022 | Currency, Economy, Global Share Markets, Money Market
1.12.22 Optimism around an eventual shift away from the zero-Covid policy in China continues to gather momentum, says BNZ Markets. Bloomberg is reporting the health authorities are planning a fourth vaccine shot and state media appear to have subtlety shifted their...
by Warren Head | Nov 30, 2022 | Currency, Economy, Global Share Markets, Money Market
30.11.22 Market sentiment has shown signs of rebounding over the past 24 hours as the Chinese authorities signalled steps to increase vaccination of the elderly, seen as another step towards the eventual abandonment of the zero-Covid policy next year, notes BNZ...
by Warren Head | Nov 29, 2022 | Currency, Economy, Global Share Markets, Money Market
29.11.22 Risk appetite has turned more cautious to start the week, with investors focusing on the weekend protests in China against the Chinese government’s zero-Covid policy, notes BNZ Markets The market fallout from the protests has been reasonably contained so far,...
by Warren Head | Nov 28, 2022 | Currency, Economy, Global Share Markets, Money Market
28.11.22 It was a relatively quiet end to the week for markets, with US trading activity unsurprisingly much lighter than usual given Thursday’s Thanksgiving holiday, notes BNZ Markets. Equity markets and currencies were little changed, the NZD ending the week at...
