Free Trial

Corrective Pullback


BLOCK, Late 10Y Buy


Eurodollar/Tsy Option Roundup


Needle Still Points South


Biden Approval Remains Underwater

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 Access

Kiwi Dips, Then Swings To Gain


NZD crosses swung both ways in the wake of the RBNZ's monetary policy decision, pushing higher eventually. As expected, the central bank left the OCR & LSAP settings unchanged and said it will deploy a Funding for Lending Programme in December. The Bank took note of the relative resilience of domestic economy, but continued to flag downside risks and poured cold water on vaccine enthusiasm.

  • NZD/USD trades +29 pips at $0.6860, peeking above YtD highs. Bulls look for a rally towards the $0.6939-42, which limited gains in 1Q2019.
  • AUD/NZD last seen -32 pips at NZ$1.0631 after crossing below its 200-DMA. The low print of Oct 30 at NZ$1.0595 draws bearish attention now.
  • NZD/JPY last sits +22 pips at Y72.15, printing fresh multi-month highs. Bulls look for further gains past Jan 16 high of Y73.35.
  • Focus moves to the press conference with RBNZ Gov Orr at the top of the hour.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.