MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

Firms Off Session Lows As US Equities Gain

NZD

NZD/USD prints at $0.5925/30, the pair was ~0.1% firmer on Monday.

  • The pair firmed off session lows as US Tsy Yields retreated from session highs and US Equities firmed, NZD/USD rose ~0.6% from trough to peak.
  • Earlier in the session NZD/USD printed its lowest level since November as the 10 Year US Tsy yield to its highest level since 2007 at ~4.35% which boosted the greenback.
  • Technically we remain in a strong downtrend, bears look to break the low from 21 Aug ($0.5897) which opens $0.5841 (low from 10 Nov 22) and $0.5775, a Fibonacci projection. Bulls look to regain the $0.60 handle to target the 20-Day EMA ($0.6039).
  • Cross asset wise; 10 Year US Tsy Yields rose ~8bps and BBDXY fell ~0.1%. S&P500 was ~0.7% higher.
  • The domestic data calendar is empty today.
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.