DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUD/NZD Pushes Higher Amid Signs That NZ Recovery In Sentiment May Be Topping Out

AUSSIE-KIWI

AUD/NZD has added 18 pips and last trades at NZ$1.0757, as the Kiwi underperforms all of its G10 peers, following the release of local ANZ Consumer Confidence Survey. Headline index slipped to 104.3 from 104.5, suggesting that the post-lockdown recovery in sentiment may be running out of fuel. This comes after yesterday's final ANZ Business Confidence Survey sent an analogical message about sentiment among NZ companies.

  • Bulls set their sights on yesterday's eight-week high/76.4% retracement of the Jun 2 - Jul 10 slide at NZ$1.0801/07. A clean break here would bring Jun 2 high of NZ$1.0881. Bears look for a dip through the ascending channel floor at NZ$1.0713, which would open up the 50-DMA at NZ$1.0691 & Jul 27 low of NZ$1.0672.
  • Focus turns to Australian private sector credit data & PPI, due later today.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.