Financial Markets Wrap

Domestic politics weigh on NZD

Jason Wong -
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- NZD down 4½% on TWI basis on political change and uncertainty
- NZ rates lower post-election; NZ equities higher
- USD and US rates higher

NZD up on most crosses in September

Jason Wong -
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- After a poor August, NZD gained against most major currencies
- GBP outperforms as BoE signals imminent rate hike
- Global rates higher as confidence in Fed tightening increases