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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
AUD/NZD last deals at NZ$1.0475, 24.....>
AUSSIE-KIWI: AUD/NZD last deals at NZ$1.0475, 24 pips better off, after jumping
~25 pips higher at Asia open on the back of soft NZ NZIER quarterly business
opinion survey. The pair then ebbed off of highs, before posting another (more
modest) spike upon the release of strong Australian building approvals data.
- This comes after the pair finished 21 pips higher yesterday.
- Yesterday's breach of the falling wedge highlighted in a recent MNI Analysis
email (AUDNZD Falling Wedge Mar 28 1254BST) turns the initial bullish focus to
the 100-DMA at NZ$1.0494, after the aforementioned DMA has remained intact since
mid-Oct. On the downside, bears look for a dive through the NZ$1.0403-NZ$1.0399
region, which provided technical support last Thursday and Friday, as well as
yesterday.
- All eyes are on Australia, with the RBA MonPol decision and FY2019/20 federal
budget due later today.
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.