MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI NBP WATCH: Rates Held, Outlook Unchanged

MNI:AUSTRALIA OCT TRADE BALANCE A$+5953

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

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

Holding Fimer, Westpac Now Sees 25bps Hike In April

NZD

NZD/USD prints at $0.6145/50, up ~0.3% today however the pair has pared gains having been up 0.6%.

  • The pair has held firmer after resistance was seen this morning ahead of $0.6170 as NZD/USD failed to breach Fridays highs.
  • AUD/NZD printed its lowest level of 2023, support was seen ahead of $1.07. The cross sits at $1.0740/50, ~0.1% firmer today.
  • Westpac now sees the RBNZ raising the cash rate 25bps in April, downgrading their call from 50bps as they anticipate a weaker than expected Q4 GDP result.
  • NZIER sees 2023-24 GDP expanding 0.3% in the quarterly survey released this morning.
  • Feb PSI printed at 55.8, with the prior revised higher to 54.7. Feb Food Prices rose 1.5% moderating from the 1.7% seen in January.
  • Looking ahead, Q4 GDP on Thursday highlights the week data wise.
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.