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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
A spillover from RBA-inspired AUD weakness.....>
KIWI: A spillover from RBA-inspired AUD weakness weighed on NZD overnight,
allowing NZD/USD to touch a new YtD low. NZD/USD last trades at $0.6511,
hovering just above the aforementioned YtD low, 23 pips worse off on the day.
- As a reminder, RBA Gov Lowe said that the central bank will consider
delivering a rate cut at its next MonPol meeting, after minutes from RBA May
MonPol meeting noted that a rate cut would be appropriate in case of no further
improvement in the labour market.
- On the technical front, bears look to the lower 1.0% 10-DMA envelope at
$0.6491. Conversely, the initial layer of resistance is provided by Friday's
high of $0.6547. It is worth highlighting that the rate's 50-DMA crossed below
its 200-DMA yesterday.
- NZ highlights this week include retail sales and trade balance, due Wednesday
and Friday respectively. The bi-weekly GDT auction, due in the London afternoon,
will also provide some interest.
To read the full story
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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.