MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.5%

MNI: SWISS Q3 GDP +0.4% Q/Q, +2% Y/Y

MNI: SWISS KOF NOV ECONOMIC BAROMETER 101.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

200-Day EMA Caps Gains, PPI On Tap

NZD

NZD/USD prints at $0.6250/55, the pair rose ~0.3% yesterday.

  • Kiwi outperformed yesterday benefitting from the lingering impact of ANZ's revision of RBNZ rate hikes, the bank added a 25bp hike to their projections, and higher US Equities.
  • Resistance was seen above the 200-Day EMA ($0.6263) and gains were pared.
  • Bulls immediate attention is on the 200-Day EMA; a break through here opens the high from May 11 at $0.6385. Bears target low from 26 April at $0.6112.
  • AUD/NZD fell ~0.2% the pair, consolidating in a narrow range below $1.07. NZD/JPY printed a 5 month high after rallying ~1.2%.
  • Cross asset wise; S&P500 rose ~1.2% and BBDXY firmed ~0.2%. 2 Year US Treasury Yields rose 7bps.
  • On the wires today we have Q1 PPI, there is no estimate for the print. The New Zealand Government's budget is also due today.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.