NZD/USD testing Tuesday’s low in overnight session

NZD/USD drifting lower for the third day straight. Rising bond yields driving up the USD. NZD/USD shifted lower on Tuesday, seeing 0.7340 in the overnight session. The US Dollar is gaining against the major currencies as bond yields are on the rise, with the 2 and 10-year Treasuries tradin ...

South Korea’s Lee Ju-yeol: prepared for faster Fed hikes

The head of the Bank of Korea, Lee Yu-yeol, commenting on the Federal Reserve and their rate increase strategy going forward. Key highlights: Bank of Korea is prepared for faster than expected rate hikes from the Fed. No need for the BoK to mechanically react to Fed rates increases.

Commodity exports remain reasonably firm, but . . . – Westpac

Analysts at Westpac explained that the prices for New Zealand’s key agricultural commodity exports remain reasonably firm, with robust global demand providing a supportive backdrop. Key Quotes: "Looking ahead, we expect key commodity prices to come under pressure, as growth in Chin ...

USD/JPY closes higher for third day in a row on rising bond yields

Yen declining against strengthening US Dollar. USD getting boosted by rising bond yields. USD/JPY closed higher for a third consecutive day to end Tuesday's trading, entering the overnight session trading just beneath Tuesday's high of 107.37. With China's institutions stil ...

Forex today: traders returned and bid up the greenback

Forex today saw the return of volume and traders in the US coming back form a long weekend; The dollar was firmer again against all the major currencies and US yields were higher.  US 10yr treasury yields moved up from Friday's 2.88% closing to 2.93% before consolidating after the shor ...

ZEW disappointed, although . . .  – ANZ

Analysts at ANZ noted that the ZEW index of investor sentiment for Germany eased to 92.3 in February, from a series high of 95.2 in January.  Key Quotes: "It was still the second highest reading for the index ever suggesting little impact from the recent volatility in markets.  Th ...

Dollar Index closing its third consecutive day in green

Greenback profits from rising US Yields to post more gains US Dollar bullish run stalled during American trading The USD Index, that measures the US Dollar performance against a basket of currencies, is nearing the psychological 90.00 mark after posting another positive trading session, gainin ...

US indexes edged lower after six days of consecutive gains

Wall Street was unable to extend its advance, despite gains in the tech sector. Consumer staples led the way lower, with Wal-Mart shedding over 10%. US equities opened with a soft tone, attempted a recovery, but failed to regain the upside, to post fresh daily lows during the last hour o ...

Market wrap: the US dollar firms – ANZ

Analysts at ANZ explained that the USD firmed throughout most of the European session, and in the absence of any meaningful economic news, short-term positioning would appear to be dominating.  Key Quotes: "The sell-off in US fixed income continued, perhaps in part due to supply concerns ...

RBNZ governor to discuss annual report & potential headlines

The RBNZ Governor is appearing before the Finance and Expenditure Committee today at 11 GMT to discuss the RBNZ’s annual report. Traders will be monitoring wires at the time of the event for potential headlines. Key notes  NZD/USD traders await the RBNZ Governor - ANZ "I ...

South Korea Producer Price Index Growth rose from previous 0.1% to 0.4% in January

South Korea Producer Price Index Growth (YoY) fell from previous 2.3% to 1.2% in January

NZD/USD traders await the RBNZ Governor – ANZ

Analysts at ANZ noted the current conditions around NZD/USD. Key Quotes: "It was a relatively narrow range for the kiwi overnight, but with the USD finding a little more love, there is perhaps a bias for it to test lower levels today.    Support 0.7180 Resistance 0.7420   Globa ...

Mkt wrap: US dollar outperforms all major currencies – Westpac

Analysts at Westpac offered a breakdown of recent sessions, noting that all major currencies underperformed the USD.  Key Quotes: "EUR/USD fell steadily from the Sydney afternoon to late NY, from near 1.24 to 1.2320/30, with perhaps some weight from a slightly disappointing Feb ZEW Germa ...

EUR/USD: how will a rise in US external debt affect EUR/USD? – Natixis

Analysts at Natixis examine the effect on EUR/USD in a rise in US external debt. Key Quotes: If the US external debt increases:  In the short term, an increase in dollar interest rates relative to interest rates in the rest of the world increases demand for US external deb ...