Kiwi dolar trades higher

9.8.22 9.It has been a slow start to the week with little newsflow; the market has reversed some of Friday night’s post US payrolls reaction, seeing a broadly weaker US dollar and lower Treasury yields, comments BNZ Markets. “Overnight, the NZD and AUD have...

Higher US bond yields lift US dollar

A very US strong nonfarm payrolls – across jobs growth, unemployment, and wages – triggered a big move higher in US bond yields on Friday night, notes BNZ Markets. The US 10-year rate blasted 14bps higher, to 2.83%, as the market moved to price an almost 80% chance of...

KIwi dollar moves back up

5.8.22 It’s been a relatively quiet night across markets (for a change) as investors wait on the US nonfarm payrolls report tonight, says Nick Smyth at BNZ Markets. US equities are little changed, global rates are generally lower, while the NZD has pushed above the...

Calm session for currency

4.8.22 Currency movements have been modest, but with the yen coming under pressure for a second day on higher risk appetite, says Jason Wong, senior markets strategist at BNZ Markets this morning. A lift in NZ’s unemployment rate saw only a temporary fall in the NZD,...

Surge in rates – Kiwi lower

3.8.22 Global rates have surged as Fed speakers take control of the narrative and remind the market of plans to tighten a lot further to bring inflation to heel, comments Jason Wong at BNZ Markets. US House Speaker Pelosi landed in Taiwan and buy the rumour, sell the...