Free Trial

Marginally Firmer After Treasury Comments

NZD

NZD has marginally firmed as NZ Treasury noted that the rebuild after Cyclone Gabrielle will support economic activity. They also noted that more demand will add to inflationary pressure and it may result in the RBNZ keeping rates higher for longer.

  • NZD/USD firmed from $0.6245 to $0.6255, and AUD/NZD was pressured falling from $1.1055 to $.1040. There has been little follow through on the moves thus far.

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.