Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

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 Holds Firm In Morning Trade

NZD

NZD/USD has edged higher in morning trade, looking past disappointing official PMIs released out of China over the weekend. Local news flow has offered little of real note.

  • The kiwi defies a warning sign from e-mini futures, which have slipped into the red in Asia, after last week's final Wall Street session saw benchmark indices extend weekly gains.
  • The rate last trades +7 pips at $0.6285 at typing. Bulls look for a break above last Friday's high of $0.6329 before targeting Jun 16 high of $0.6396. On the flip side, bears keep an eye on Jul 14 low of $0.6061.
  • The first instalment of the government's "cost of living" scheme will be paid today to all eligible New Zealand tax residents, including an unknown number of people living overseas.
  • The main point of note in New Zealand this week will be Wednesday's labour force survey.
141 words

To read the full story

Why Subscribe to

MarketNews.com

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.

NZD/USD has edged higher in morning trade, looking past disappointing official PMIs released out of China over the weekend. Local news flow has offered little of real note.

  • The kiwi defies a warning sign from e-mini futures, which have slipped into the red in Asia, after last week's final Wall Street session saw benchmark indices extend weekly gains.
  • The rate last trades +7 pips at $0.6285 at typing. Bulls look for a break above last Friday's high of $0.6329 before targeting Jun 16 high of $0.6396. On the flip side, bears keep an eye on Jul 14 low of $0.6061.
  • The first instalment of the government's "cost of living" scheme will be paid today to all eligible New Zealand tax residents, including an unknown number of people living overseas.
  • The main point of note in New Zealand this week will be Wednesday's labour force survey.