Free Trial

Firmer, Regional Equities Gain

NZD

NZD/USD prints at $0.6225/30, ~0.2% firmer today.

  • The pair firmed as regional equities were bid, the Hang Seng opened up 1%, however resistance was seen before $0.6240 and the NZD marginally pared gains.
  • There has been little reaction thus far to the Caixin PMI print, Services printed 55.0 vs 54.5 exp and the Composite crossed at 54.2 rising from 51.1 prior. The beat was less sizable than the official PMI figures earlier in the week.
  • AUD/NZD prints at $1.0820/30, little changed today. Bears target a break below the $1.08 handle, an area which has attracted buying interest in recent sessions.
  • Cross asset flows are mixed. Hang Seng is up 1% whilst US Equity futures are lower. US Treasury Yields are a touch softer. BBDXY is ~0.1% softer.

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.