MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Kiwi GDP Takes Focus

NZD

NZD/USD edged higher Wednesday, despite initially plunging to a two-week low after the release of disappointing activity data out of China. Broader greenback sales coupled with firmer commodity prices helped push the rate higher.

  • Today focus turns to New Zealand's own GDP report for Q2, with BBG consensus looking for a quarterly growth of 1.1% and annual growth of 16.1%.
  • Australian jobs data may also provide some interest today, in case we see any trans-Tasman spillover into NZD.
  • Later this week, BusinessNZ/BNZ will publish the results of their PMI survey covering August. In July, expansion in the manufacturing sector accelerated to the third-fastest pace on record.
  • The rate has inched higher this morning and last operates +7 pips at $0.7112. A clean break above channel top at $0.7146 would mark the formation of a bullish flag pattern, bringing Sep 3 high of $0.7170 into play. Bears look for a dip through the 100-DMA which coincides with Sep 8 low at $0.7076. Below there opens the 50-DMA at $0.7009.
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.