Collinson FX: Feb 10: Kiwi$ continues to climb, Japanese landslide, DOW sets record high
by Collinson FX 9 Feb 10:05 NZDT
9 February 2026
Abracadabra (USA) - Rolex Admirals Cup - Cowes, Isle of Wight, July 2025 © Richard Gladwell - Sail-World.com/nz
Feb 10: Kiwi continues to climb
US markets consolidated last Friday’s massive gains on equity markets, with the DOW holding above 50,000, for the first time in history.
The snap Japanese election was a massive success, for the ruling party, and their new leader Takaichi. She secured a supermajority in the Japanese Parliamentary system, endorsing all of her heavily Nationalistic social and economic policies. The Japanese share market surged more than 5%, during the day’s trade, in celebration. There will be a honeymoon period but some serious underlying economic challenges remain in Japan, so keep an eye on Japanese Bond yields and the Yen. The US Dollar fell lower, with the EUR heading towards 1.1900, while the GBP bounced back to 1.3660.
The weaker reserve was enough to spike the AUD, which surged back towards 0.7100, while the NZD regained 0.6050. The coming week will focus on the release of the delayed Non-Farm Payroll number and the US CPI inflation data. Geo-Political developments remain a threat.
Feb 9: Unsettled markets see Kiwi dollar hit "Big Figure"
Markets came storming back, with the DOW breaking above 50,000 for the first time ever, to close out a week of trading carnage. US equity markets surged, as did Crypto’s, while the US Dollar softened.
It has been a week of extreme volatility and realignment, with equities and Cryptos being destroyed. This has followed the last month of extreme volatility in the precious metals markets, the like of which, has not been seen before. Risk appetite roared back, to close out the week, but these unsettled markets are far from over. The safety of the US Dollar also eased, with the EUR regaining 1.1800, while the GBP recaptured 1.3600.
Commodity currencies were beneficiaries of the weaker reserve, with the AUD regaining 0.7000, while the NZD surged back above the key ‘Big Figure’ of 0.6000.
This coming week will almost inevitably endure another week of volatility and realignment. The Crypto Armageddon is far from over and the precious metals markets are in for further adjustment. Currencies and equities will also enjoy the mayhem.
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