by Warren Head | May 25, 2023 | Currency, Economy, Money Market
25.5.23 Risk appetite weakened overnight on a number of concerns, notes BNZ Markets. Weaker risk sentiment and a much more dovish RBNZ policy outlook than expected have driven NZD down 2.3% to 0.61; NZ rates tumble, but only back to where they were a week ago Jason...
by Warren Head | May 24, 2023 | Economy, Latest News, Money Market
The Reserve Bank has today raised the Official Cash Rate by 25 basis points, which was the widely expected action after the Budget last week. By a majority of five votes to two, the Monetary Policy Committee agreed to increase the OCR from 5.25% to 5.50%. The Monetary...
by Warren Head | May 24, 2023 | Currency, Economy, Global Share Markets, Money Market
24.5.23 Risk appetite is slightly weaker with unresolved US debt ceiling negotiations still hogging the headlines, says BNZ Markets. Global equity markets are modestly weaker, the US 10-year rate is slightly lower and the USD is broadly stronger, says Jason Wong,...
by Warren Head | May 23, 2023 | Currency, Economy, Money Market
It has been a quiet start to the week, with modest changes in asset prices, ahead of the next meeting between US President Joe Biden and US House Speaker Kevin McCarthy on the debt ceiling, notes BNZ Markets. US Treasury yields are slightly higher, weighing on the...
by Warren Head | May 22, 2023 | Currency, Economy, Money Market
22.5.23 There was limited first tier economic data released in the United States on Friday night which saw the market focus on comments by officials from the Federal Reserve and the latest developments surrounding the US debt ceiling negotiations, notes BNZ Markets...
by Warren Head | May 19, 2023 | Currency, Economy, Global Share Markets, Money Market
. The US dollar showed broadly based gains, seeing a weaker NZD; US Treasury yields continue to rise, with a trio of upward forces overnight, notes BNZ Markets. NZ rates shot higher yesterday after the Budget conveyed a continuation of easy fiscal policy, driving...
