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Why MNI
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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.
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Free AccessKiwi Underperforms As Risk Sentiment Deteriorates
Kiwi underperformed the G10, except NOK, as the USD rose against all G10 currencies (USD index +0.2%). The pullback in risk sentiment weighed on NZD and it fell 0.7% to 0.6200 against the greenback. It has started the APAC session around this level.
- Aussie has struggled against kiwi recently but on Monday the pair rose 0.2% and is now at 1.0742. It made a high of 1.0763 early in the European session.
- After falling sharply yesterday, the NZX 50 is moderately higher so far today.
- RBNZ dated OIS pricing is slightly firmer across meetings.
- NZ job ads for December fell 2% m/m, the fourth consecutive monthly decline, as the economy continues to slow. But NZIER business confidence improved in Q4 with only 2% of businesses expecting the economy to deteriorate down from 52% the previous quarter. The survey also showed easing labour and price pressure with fewer firms planning to increase prices.
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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.