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

MNI BRIEF: Fed's Waller Says Climate Doesn't Pose Bank Risks

MNI BRIEF: Fed Must Hit 2% Before Rethinking Target-Kashkari

BOE MPC HIKES BANK RATE 25BPS TO 4.5% ON 7-2 VOTE

US EIA:NAT GAS STORAGE +78 BCF TO 2,141 BCF MAY 05 WK

EZ/UK Bond Supply Calendar: Slovakia & UK to issue Monday

MNI: US APR FINAL DEMAND PPI +0.2%, EX FOOD, ENERGY +0.2%

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

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
Trending Top 5
Market News Topics

Consolidating Gains, BoP on Tap

NZD
BulletMarketsForeign Exchange NewsHomepage

NZD/USD prints $0.6230/35, the pair was ~0.3% firmer in yesterday's trading.

  • The pair consolidated gains yesterday, there was brief pressure seen as US CPI printed above expectations, however losses were pared in a volatile trade.
  • A narrow $0.6220/40 range was observed for the remainder of the session with little follow through on moves.
  • Bulls look to break the 200-day EMA at $0.6277. Bears first look to break $0.62 to regain the upper hand.
  • AUD/NZD was unable to sustain a break below $1.07, support was seen a number of times through Tuesday's session below the handle. The cross now sits at $1.0720/30.
  • Cross asset wise; concerns over the US banking sector abated somewhat US 2-Year Treasury Yield rose 27bps and S&P500 rose 1.7%. DXY was little changed.
  • Q4 Balance of Payments is on the wires this morning. THe Bloomberg Survey looks for a deficit of $7.675bn.
139 words

To read the full story

Why Subscribe to

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.

NZD/USD prints $0.6230/35, the pair was ~0.3% firmer in yesterday's trading.

  • The pair consolidated gains yesterday, there was brief pressure seen as US CPI printed above expectations, however losses were pared in a volatile trade.
  • A narrow $0.6220/40 range was observed for the remainder of the session with little follow through on moves.
  • Bulls look to break the 200-day EMA at $0.6277. Bears first look to break $0.62 to regain the upper hand.
  • AUD/NZD was unable to sustain a break below $1.07, support was seen a number of times through Tuesday's session below the handle. The cross now sits at $1.0720/30.
  • Cross asset wise; concerns over the US banking sector abated somewhat US 2-Year Treasury Yield rose 27bps and S&P500 rose 1.7%. DXY was little changed.
  • Q4 Balance of Payments is on the wires this morning. THe Bloomberg Survey looks for a deficit of $7.675bn.