MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dips To Fresh Lows Before Stabilizing

NZD

NZD fell to fresh YTD lows post the Asia close, dipping just beneath 0.6200. We currently sit slightly firmer at 0.6225.

  • Amidst continued broad USD strength, NZD performance has been around middle of the pack compared to the rest of the G10 bloc over the past 24 hours. Outperforming NOK, GBP and JPY but slipping against EUR and CAD.
  • Yield momentum continues to move against NZD/USD though, the 2yr NZ-US spread back to lows from July last year. We have moved from a recent high of +86bps back to +39bps.
  • Earlier, REINZ house sales printed at -28.4% YoY, versus -35.2% YoY prior. The REINZ house price index fell by 1.6% MoM following declines in April and March. In YoY terms we are now up 3.7%, versus 6.3% in April.
  • The Q1 current account deficit printed slightly wider than expected at -6.143bn, versus -5.963bn consensus. The deficit as a share of GDP sits at -6.5% in the 12 months to the end of Q1. Tomorrow Q1 GDP prints.
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time

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.