Free Trial
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.
NZD
The kiwi has been happy to look through a stellar BusinessNZ M'fing PMI reading, with headline index registering at a fresh record high of 63.6 in Mar vs. the upgraded 54.2 recorded in Feb.
- Sub-indices rose across the board, all remained in expansionary territory. New orders were particularly strong, printing at 72.5 (+14.5 vs. the previous report). The deliveries gauge posted the largest increase (+15.7) and registered at 62.8.
- BNZ flagged a "strong boost in new orders and production" which indicates a considerable jump in demand over the short period.
- Reaction in NZD/USD was negligible. The pair sits +5 pips at $0.7175, near pre-release levels.
Fig. 1: New Zealand BusinessNZ Manufacturing PMI
Source: MNI - Market News/Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok