MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Higher, But Struggling Above 1.1000

AUDNZD

AUD/NZD has edged into a slightly higher range, tracking close to the 1.1000 level. The pair is meeting selling interest above this level though, note the 50-day MA comes in at 1.1013.

  • Today has seen slight A$ outperformance versus NZD, but both currencies are seeing tight ranges against the USD.
  • The recent volatility in short term rates continues. The AU-NZ 2yr spread is back to -80bps, down from yesterday's highs of -70bps. This spread remains above recent lows though. 10yr spreads are also lower on the day, but by a smaller magnitude.
  • Spreads were moving in favor of the AUD yesterday, so today’s shifts may be helping to cap gains in the AUD/NZD cross rate.
  • A reminder that the data calendar swings into gear tomorrow, with AU retail sales on tap, followed by NZ business and consumer sentiment updates on Thursday and Friday respectively.
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time

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.