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...
by Warren Head | Mar 26, 2024 | Currency, Economy, Global Share Markets, Money Market
The NZ dollar spent Monday hovering around 0.60, some support gleaned from the Peoples Bank of China supporting the yuan after its surprising neglect on Friday, notes BNZ Markets. “It is a quiet week ahead on the calendar ahead of Easter, with most interest in the US...
by Warren Head | Mar 18, 2024 | Currency, Economy, Global Share Markets, Money Market
The US dollar was little changed through the weekend, notes BNZ Markets senior fixed interest strategist Stuart Ritson. Amongst the majors, EUR/USD was stable while USD/JPY moved higher. Expectations of an imminent BOJ policy adjustment seems to be well priced for...
by Warren Head | Mar 14, 2024 | Currency, Economy, Global Share Markets, Money Market
Global asset markets were confined to narrow ranges overnight in the absence of first-tier economic data or other catalysts, notes BNZ Markets this morning. Currency markets were broadly stable with the dollar index a touch weaker despite the move higher in treasury...