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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Data
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Holding Below $0.58 Handle
NZD/USD prints $0.5790/95, ~0.6% lower today.
- Kiwi is holding close to session lows with losses extending after a softer than forecast Chinese Caixin PMI. Pressure was seen early in today's session after the Q3 employment report. Employment decreased 0.2% q/q in 3Q while economists estimated an increase of 0.4%.
- Technically NZD/USD remains in a downtrend, support comes in at $0.5770 the YTD low, a break opens $0.5623 a Fibonacci projection. Bulls first target $0.5867, the 20-Day EMA, to turn the tide.
- AUD/NZD is firmer and sits a touch off the top of the recent range. The cross is ~0.4% higher at $1.0915/20.
- RBNZ's Hawkesby noted this morning (BBG) that the economic system can cope with much higher jobless rates, bank stress test assumed a 9-10% jobless rate.
- Looking ahead the data docket is empty until next Monday.
To read the full story
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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.