MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Kiwi Takes Flight After RBNZ Hikes OCR

NZD

The kiwi dollar bounces from session lows to become the best G10 performer in the wake of the RBNZ's decision to raise the Overnight Cash Rate by 50bp.

  • The Monetary Policy Committee reaffirmed its focus on containing inflation and suggested that a further front-loading of stimulus withdrawal is their path of least regrets.
  • NZD/USD last deals at $0.64956, up 28 pips on the day. The next layer of resistance is located at $0.6568, which represents the high print of May 5.
  • AUD/NZD last seen -54 pips at NZ$1.0937. The rate is approaching its 50-DMA at NZ$1.0916, a break here would expose Apr 25 low of NZ$1.0825.
  • NZD/JPY last +40 pips at Y82.43, still within yesterday's range. Bulls keep an eye on the Y82.78/82.79 area, which capped gains over the last two days.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.