Free Trial
BRENT TECHS

(Q2) Bearish Focus

EQUITY TECHS

E-MINI S&P (U2): Gains Considered Corrective

HUNGARY

ING on NBH: Sees Terminal Rate Above 9%

AUDUSD TECHS

Key Support Still Exposed

EURJPY TECHS

Evening Star Candle Reversal?

UK DATA

Retail sales due at 7:00BST

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's Having Worst Week Since Jan, Consumer Confidence Lifts Off Record Lows

NZD

Greenback strength weighed on NZD/USD Thursday, with the pair descending through the $0.6500 mark, lodging worst levels since mid-2020 and extending losses to six days in a row.

  • The rate last trades flat at $0.6490. The next layer of support is provided by price congestion within the $0.6385-77 area, which limited losses in Jun 2020. Bulls need to reclaim Jan 28 low of $0.6530 before targeting Apr 20 high of $0.6813.
  • New Zealand's consumer confidence index climbed to 84.4 in April from 77.9 prior, according to monthly ANZ survey. The authors of the survey noted that despite that uptick from a record low, sentiment is still "extremely pessimistic". Worth noting that inflation expectations eased to +5.6% Y/Y from +6.0%.
  • Data highlights next week include building permits (Tuesday) & labour market report (Wednesday).
129 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.

Greenback strength weighed on NZD/USD Thursday, with the pair descending through the $0.6500 mark, lodging worst levels since mid-2020 and extending losses to six days in a row.

  • The rate last trades flat at $0.6490. The next layer of support is provided by price congestion within the $0.6385-77 area, which limited losses in Jun 2020. Bulls need to reclaim Jan 28 low of $0.6530 before targeting Apr 20 high of $0.6813.
  • New Zealand's consumer confidence index climbed to 84.4 in April from 77.9 prior, according to monthly ANZ survey. The authors of the survey noted that despite that uptick from a record low, sentiment is still "extremely pessimistic". Worth noting that inflation expectations eased to +5.6% Y/Y from +6.0%.
  • Data highlights next week include building permits (Tuesday) & labour market report (Wednesday).