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Latest Analysis
Trump implements new 10% global tariffs
20 February, 2026
US president Donald Trump has said he will sign an order imposing 10-percent tariffs on all global imports later today, replacing many of the levies ruled illegal by the Supreme Court this morning. In...
Supreme Court strikes down Trump’s tariff regime, doesn't rule on refunds
20 February, 2026
The Supreme Court of the United States this morning ruled against Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs, but declined to rule on firm’s eligibility for...
US economy slows, but exhibits signs of resilience, keeping dollar aloft
20 February, 2026
The American economy slowed by more than expected in the final quarter of 2025, with weaker consumer spending, trade effects, and the government shutdown combining to sap momentum. Data released by the...
Hawkish Fed minutes keep dollar well-supported
19 February, 2026
Good morning. The dollar is outperforming all of its major counterparts as the aftermath of yesterday’s more hawkish-than-expected Federal Reserve minutes puts upward pressure on yields and weakens demand...
USD perking up
18 February, 2026
• Positive trends. A run of better than anticipated US data supported the USD. AUD drifted lower. NZD underperforms after yesterday’s RBNZ meeting.• Macro news. RBNZ points to rate hikes later this...
Markets show tentative signs of recovery
18 February, 2026
Investors are bargain-hunting across the financial markets this morning, scooping up discounted assets after a multi-week selloff. Futures on North American equity markets are pointing to gains after the...
NZD: RBNZ (slowly) shifting course
17 February, 2026
After delivering an aggressive series of interest rate cuts over the past ~18-months in a bid to revive NZ’s economic fortunes, it wasn’t a surprise to see the Reserve Bank of NZ hold the Official Cash...
RBNZ in focus
17 February, 2026
• Choppy markets. Intra-session swings overnight. Positive steps between US/Iran help sentiment. AUD & NZD tick a bit higher in quiet trading.• Macro events. RBNZ today. No change in rates expected....
Currency traders seek safe havens as turbulence continues
17 February, 2026
Good morning. Risk aversion is dominating markets as trading resumes after yesterday’s North American holiday. The dollar and safe-haven yen are extending their gains, two-year Treasury yields are sliding...
Aussie jobs data & RBNZ in focus this week
15 February, 2026
• US CPI. Cooling US inflation helped stabilise risk sentiment. US bond yields dipped. USD tread water, as did the NZD. AUD drifted a bit lower on Friday.• Event radar. US holiday tonight. Lunar New Year...