Free Trial

Kiwi Slips, Domestic Markets Closed

NZD

The kiwi dollar has lost some altitude, extending its retreat from the back end of last week. New Zealand financial markets are shut in observance of the ANZAC Day, but broader risk backdrop remains a tad negative, sapping strength from high-beta currencies.

  • NZD/USD trades -9 pips at $0.6629, away from a session low of $0.6621. Further sales past Feb 14/4 lows of $0.6593/90 would bring Jan 28 low of $0.6530 into view. Bulls need a rebound above Apr 20 high of $0.6813 to get some reprieve.
  • Local data highlights this week include credit card spending (Tuesday), trade balance & ANZ Business Confidence (Thursday) as well as ANZ Consumer Confidence (Friday).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.