Free Trial
US TSY OPTIONS

Large 5Y Call Spd Sale

MNI EXCLUSIVE

Fresh EU Drive For Banking Union

EURIBOR OPTIONS

Put Spread Buyer

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
AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD closed above its 200-DMA (NZ$1.0832) on Wednesday,
recording the highest level seen since the stronger than exp. NZ CPI release
(earlier this week) in early Asia-Pacific dealing today at NZ$1.0900.
- The latest leg higher came about on the back of a lower than exp. AU
unemployment rate in the latest labour market report, however, gains have been
tempered by the realisation that the fall in the unemployment rate was driven by
a fall in the participation rate, while headline job growth missed exp. All in
all, absent an uptick in wage growth over the coming months, the latest leg
lower in the unemployment rate, if maintained, is unlikely to have a major
impact on the trajectory of RBA MonPol in isolation.
- Rate last ~NZ$1.0870, support comes in at the 200-DMA, with initial resistance
at today's high, NZ$1.0900.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

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.