Research Markets Today

Strong US jobs data for January has pushed back Federal Reserve rate cut expectations, leading to a flatter US Treasury curve. Meanwhile, the AUD hit a 3-year high as NZD/AUD dropped to its lowest level since 2013.

Key Takeaways

• 1.A significantly stronger than expected US employment report (130k vs 65k expected) has shifted expectations for the first Fed rate cut from June to July.
• 2.The AUD reached a three-year high above 0.71, supported by hawkish inflation comments from RBA's Deputy Governor Hauser.
• 3.NZD/AUD has fallen below 0.85 for the first time since 2013 due to negative interest rate differentials with Australia.

Table of Contents

• Events Round-Up
• Good Morning
• Coming Up
• Currencies
• Equities
• Commodities
• Interest Rates
• NZ Government Bonds
• NZBKBM and Swap Yields
• NZD exchange rates
• NZD/USD Forward Points
• NZD/AUD Forward Points
• Contact Details

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