MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Firmer After Australian Employment Data

NZD

NZD/USD prints at $0.6300/05, the pair is ~0.5% firmer today.

  • Spillover from a bid in AUD/USD, which firmed after the Australian Unemployment Rate dropped to 3.5% from 3.6%, has seen the NZD firm in recent dealing.
  • NZD/USD sits a touch below session highs. Bulls target yesterday's high ($0.6344), a break through here opens the high from 14 July ($0.6412).
  • AUD/NZD is ~0.2% higher and sits a touch under the 200-Day EMA ($1.0844), this is a key level for bulls as they haven't been able to sustain a break of the measure in recent trade.
  • Cross asset wise; e-minis are down ~0.1% as the contract continues to pare early losses. BBDXY is down ~0.3% and US TSy Yields are a touch higher across the curve.
  • A thin local docket means wider swings in risk sentiment will be the main driver of the 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.