Free Trial

Kiwi has been the outperformer in the majors...>

KIWI
KIWI: Kiwi has been the outperformer in the majors overnight after NZD/USD had a
brief journey lower to $0.6855 early on.
- NZD has been aided by an uptick in commodities and broader USD weakness.
- The pair last deals at $0.6907, representing best levels, with upside interest
at $0.6918 (Low June 18 now resistance), while the YtD low of $0.6823 provides
the most notable level of support.
- Focus next week will fall on the RBNZ's MonPol decision. All of those surveyed
expect the central bank to remain on hold. This week's GDP data masked a soft
breakdown, with household consumption proving to be the disappointment, so
watchers will focus on the RBNZ's rhetoric surrounding this matter.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.