Exchange Rates
Qiyuan Xu argues that high capital outflows - largely the result of US policy - have resulted in an undervalued Chinese currency
19th May 24, 9:30am
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Qiyuan Xu argues that high capital outflows - largely the result of US policy - have resulted in an undervalued Chinese currency
Reserve Bank will be encouraged by the largest drop in inflation expectations since 2020
12th May 23, 4:11pm
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Reserve Bank will be encouraged by the largest drop in inflation expectations since 2020
Livestock prices are high. Guy Trafford explores the role the value of our currency plays
25th Aug 22, 10:35am
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Livestock prices are high. Guy Trafford explores the role the value of our currency plays
Steven Dooley points out the NZD has fallen away as Asian currencies went off the boil, and growth re-ratings in the US and UK take the initiative
24th May 21, 10:23am
Steven Dooley points out the NZD has fallen away as Asian currencies went off the boil, and growth re-ratings in the US and UK take the initiative
Unexpected inflation moves in both China and the US have the attention of currency traders reports Steven Dooley. A breakout in US bond yields may trigger sharp FX moves
17th May 21, 10:17am
Unexpected inflation moves in both China and the US have the attention of currency traders reports Steven Dooley. A breakout in US bond yields may trigger sharp FX moves
Even though the US non-farm data seemed weak as reported, the actual (non-seasonally adjusted) hiring levels were very strong, better than expected, reports Steven Dooley
10th May 21, 11:27am
Even though the US non-farm data seemed weak as reported, the actual (non-seasonally adjusted) hiring levels were very strong, better than expected, reports Steven Dooley
The greenback starts May quick out of the blocks for a month it usually gains. It the reverse for the Kiwi dollar. With bond yields becalmed, Asian currencies move little
3rd May 21, 8:55am
The greenback starts May quick out of the blocks for a month it usually gains. It the reverse for the Kiwi dollar. With bond yields becalmed, Asian currencies move little
After a weaker period, Asian currencies have strengthened as US bond yields have softened. A recovering US, with inflation, may turn them lower again. But surging PMIs are supporting them at present
26th Apr 21, 9:39am
After a weaker period, Asian currencies have strengthened as US bond yields have softened. A recovering US, with inflation, may turn them lower again. But surging PMIs are supporting them at present
Good data from China (and the US) has boosted copper and helped the NZDUSD to one-month highs last week. This commodity story will be driven by Friday’s global PMI numbers
19th Apr 21, 9:34am
Good data from China (and the US) has boosted copper and helped the NZDUSD to one-month highs last week. This commodity story will be driven by Friday’s global PMI numbers
Inflation jolts back to life in both the US and China, catching the attention of currency markets. Eyes will also be on some big Chinese data this week, plus some key NZ influences
12th Apr 21, 8:53am
Inflation jolts back to life in both the US and China, catching the attention of currency markets. Eyes will also be on some big Chinese data this week, plus some key NZ influences
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Western Union's Alex Ross is watching for a key economy to start to raise interest rates because that will signal new directions for exchange rate relationships. Now is a time to set strategies for a potentially volatile transition
5th Dec 20, 12:19pm
Western Union's Alex Ross is watching for a key economy to start to raise interest rates because that will signal new directions for exchange rate relationships. Now is a time to set strategies for a potentially volatile transition
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US Presidential Election: Western Union Business Solutions’ Steven Dooley provides his view on why the pre-2016 view of globalisation is unlikely to return, no matter who wins the White House - and the impact this will have on trade and FX
3rd Nov 20, 5:49am
US Presidential Election: Western Union Business Solutions’ Steven Dooley provides his view on why the pre-2016 view of globalisation is unlikely to return, no matter who wins the White House - and the impact this will have on trade and FX
Our currency takes a hit on rumours that Covid-19 has arrived. Wholesale swap rates sink as well
28th Feb 20, 5:33pm
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Our currency takes a hit on rumours that Covid-19 has arrived. Wholesale swap rates sink as well
Patrick Watson says in the last few months globalization has gone from 'unhealthy' to 'critically ill', with the US-China trade relationship is its heart - and the pulse is slowing fast
29th Aug 19, 10:34am
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Patrick Watson says in the last few months globalization has gone from 'unhealthy' to 'critically ill', with the US-China trade relationship is its heart - and the pulse is slowing fast
Patrick Watson says using tariffs and other trade barriers isn't how we got the strong economy some current leaders idealise, noting they often deliver the opposite
25th Jul 19, 10:22am
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Patrick Watson says using tariffs and other trade barriers isn't how we got the strong economy some current leaders idealise, noting they often deliver the opposite
NZD and other risk associated currencies have tracked higher off the weekly open; AUD continues its merry way south against the NZD; no evidence to be found that President Trump coordinated with the Russian government
26th Mar 19, 2:39pm
NZD and other risk associated currencies have tracked higher off the weekly open; AUD continues its merry way south against the NZD; no evidence to be found that President Trump coordinated with the Russian government
Lack of data last week on the NZD calendar has seen the currency push higher on general USD weakness to 0.6875, before easing back slightly; AUDNZD pair is still trending higher
19th Mar 19, 2:24pm
Lack of data last week on the NZD calendar has seen the currency push higher on general USD weakness to 0.6875, before easing back slightly; AUDNZD pair is still trending higher
NZD received a boost Friday after broad based declines in the USD; NZD continues to improve on the AUD; GBP recovered off last week low of 0.5230 against the NZD
12th Mar 19, 2:14pm
NZD received a boost Friday after broad based declines in the USD; NZD continues to improve on the AUD; GBP recovered off last week low of 0.5230 against the NZD
Risk sentiment improved over the weekend when positive comments came out of meetings between US negotiators and Chinese officials; NZD started the week well peaking at 0.6827 USD; NZDAUD pair opened the week around 0.9610
5th Mar 19, 2:31pm
Risk sentiment improved over the weekend when positive comments came out of meetings between US negotiators and Chinese officials; NZD started the week well peaking at 0.6827 USD; NZDAUD pair opened the week around 0.9610
Currency markets closed lower Friday after investors became nervous around US/China trade talks; Monday morning has seen every major currency push higher including the NZD and the AUD
26th Feb 19, 1:57pm
Currency markets closed lower Friday after investors became nervous around US/China trade talks; Monday morning has seen every major currency push higher including the NZD and the AUD
NZD is over 1.60% stronger than the USD to 0.6890; NZDAUD broke past resistance of 0.9600 to a high of 0.9645; RBNZ left cash rate unchanged at 1.75%
19th Feb 19, 2:20pm
NZD is over 1.60% stronger than the USD to 0.6890; NZDAUD broke past resistance of 0.9600 to a high of 0.9645; RBNZ left cash rate unchanged at 1.75%
Even though the RBNZ didn't announce any significant changes in monetary policy, currency and interest rate markets jumped. That says more about traders getting assumptions wrong than the RBNZ
13th Feb 19, 5:29pm
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Even though the RBNZ didn't announce any significant changes in monetary policy, currency and interest rate markets jumped. That says more about traders getting assumptions wrong than the RBNZ
Major US indices have closed the week in negative territory; USD has had its best week in over six months; NZD has been the poorest performing currency over the past week next to the AUD
12th Feb 19, 2:35pm
Major US indices have closed the week in negative territory; USD has had its best week in over six months; NZD has been the poorest performing currency over the past week next to the AUD
January for equity markets turned out positive with gains of over 7.8% in the S&P; NZD has recovered well from early January 0.6600 levels reaching a high Friday; this week’s local driver will be Thursday’s NZ employment figures
5th Feb 19, 2:32pm
January for equity markets turned out positive with gains of over 7.8% in the S&P; NZD has recovered well from early January 0.6600 levels reaching a high Friday; this week’s local driver will be Thursday’s NZ employment figures
President Trump succumbed to pressure over the weekend, ending the shutdown with no concession; Brexit continues to dominate the Eurozone; NZD continues to hold in the higher level
30th Jan 19, 3:22pm
President Trump succumbed to pressure over the weekend, ending the shutdown with no concession; Brexit continues to dominate the Eurozone; NZD continues to hold in the higher level