Free Trial

Consolidation Continues

NZD

NZD/USD prints at $0.6370/75, little changed in today's trading.

  • The recent consolidation in NZD/USD continues as the pair was unable to follow through as spillover from a bid in the AUD post stronger than expected inflation and retail sales data across the Tasman saw the pair firm in the immediate aftermath of the print.
  • Resistance was seen above $0.6380, and the pair remains in a $0.6360/80 range today.
  • AUD/NZD prints just above session lows as it has unwound a bid seen post Australian CPI as the cross continues to consolidate in a bull channel. NZD/JPY is marginally firmer, last printing at ¥83.30.
  • Cross asset flows are mixed, both the BBDXY and US Equity futures are little changed from yesterday's closing levels. US 10 Year Treasury Yields are ~3bps lower.
  • With a light docket for the remainder of the session, wider swings in risk appetite will be the main driver for NZD.

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.