Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

ANZ note that "the overnight rally in the Kiwi smells of a good old-fashioned short squeeze with no obvious explanation for the way it outperformed other correlated currencies. The USD has generally softened on buoyed risk appetite as equities press higher but the NZD has performed better than all of its G10 peers, and that's despite falling milk prices, and the RBNZ extremely dovish stance and signalling of a move to negative rates. Still, there's nothing wrong with a short squeeze – these things happen. We don't expect it to last given the macro backdrop."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.