MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: EUROZONE Q2 PRELIM FLASH GDP +0.6% Y/Y

MNI: EUROZONE Q2 FLASH GDP +0.3% Q/Q

MNI: NORTH RHINE WESTPHALIA CPI +0.3% M/M, +2.3% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Below 20-Day EMA, Trims Friday's Gain

NZD

NZD/USD prints at $0.6115/20, the pair is down ~0.2% on Monday.

  • The pair has broken below the 20-Day EMA ($0.6121) in recent trading as some of Friday's gains are trimmed, however moves do remain moderate at this stage. US Treasury Yields are a tick higher aiding the light greenback bid.
  • Bears focus on a break of $0.61, from here they target low from May 31 ($0.5985).
  • AUD/NZD is a touch firmer, the cross is see-sawing around $1.10 handle through recent sessions in narrow ranges.
  • NZIER's Quarterly Consensus notes that economists see 2023/24 GDP expanding at 0.6%. Westpac noted they see Fonterra 2023/24 milk price at $8.90/kg.
  • Cross asset wise; US Treasury Yields are ~1bp higher across the curve and BBDXY is up ~0.1%. E-minis are ~0.1% higher.
  • With a thin data calendar for the remainder of the session wider swings in risk sentiment will be the main driver in NZD.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.