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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.
NZD
Kiwi has extended losses and sits at session lows after 2 Year inflation expectations fell to 2.79% in Q2 from 3.3% in Q1. 1-Year Inflation Expectations sit at 4.28% in Q2 vs 5.11% in Q1.
- NZD/USD sits at $0.6265/70, the pair is down ~0.5%. The 20-Day EMA comes in at $0.6253, a break through here open the low from May 1 at $0.6161.
- AUD/NZD is ~0.4% firmer, last printing at $1.0680/90. Bulls target a break of the 20-Day EMA ($1.0722).
Fig 1: NZ 2 Year Swap vs 2 Year Inflation Expectations
Source: MNI/Bloomberg
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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