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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Kiwi Advances Wednesday, Northland Set To Move To Lower Alert Level
NZD/USD ground higher Wednesday as NZD gained alongside its Antipodean cousin AUD. The rate rose to its best levels since Aug 4 and approached its 100-DMA, but failed to attack that moving average.
- Interest.co.nz reported that ASB today raised fixed home loan rates for terms of 3 to 5 years. ASB is New Zealand's second largest mortgage lender.
- Northland is set to leave alert level 4 at midnight today and join areas south of Auckland at level 3. The final decision depends on the results of latest tests, but officials have struck optimistic notes.
- New Zealand's terms of trade index for the second quarter headlines the local economic docket today.
- NZD/USD last sits at $0.7069, little changed on the day, with the 100-DMA/Aug 4 high at $0.7085/89 drawing bullish attention. Above there would bring Jul 6 high of $0.7105 into play. Bears look for a dip through Aug 30 low & 50-DMA, which coincide at $0.6987.
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.