GOOLSBEE SAYS MONETARY POLICY IS QUITE RESTRICTIVE

MNI BRIEF: Italy Request Next EUR 8.5 Bln NGEU Payment –Gov’t

MNI China Daily Summary: Monday, June 24

MNI BRIEF: China Urges Removal Of Car Buying Restrictions

MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1201 Mon; -1.20% Y/Y

MNI: BELGIUM JUN BNB BUSINESS SURVEY -11.1

EZ/UK T-Bill Calendar: 4/7-Month RATB Auction on Tuesday

German Tax Revenues Largely in Line W/ Plan in May

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

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

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

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

Marginally Firmer On Monday Following Weaker Than Expected US Data

NZD

NZD/USD prints at $0.6065/70, the pair was ~0.1% firmer on Monday.

  • Early USD strength on Monday briefly extended in the European session as post payrolls demand for the greenback continued. NZD/USD found support ahead of $0.6040 and pared losses.
  • The pair firmed in the wake of weaker than expected US data, resistance came in ahead of $0.6090 and gains moderated into the close.
  • On the upside bulls target the 20-Day EMA at $0.6131. Bears look to break the year to date low at $0.5985.
  • AUD/NZD has consolidated above the 200-Day EMA, the pair deals a touch above the $1.09 handle.
  • Cross asset wise; the S&P500 fell ~0.2% and BBDXY was little changed. 2 Year US Treasury Yields fell 3bps.
  • On the wires today we have May ANZ Commodity Price M/M, there is no estimate. The prior read was -1.7%.
  • Across the Tasman the RBA publishes its latest monetary policy decision this afternoon, the Bloomberg survey median estimate is for the cash rate to hold steady at 3.85%. AUD/NZD flows may come to the fore in the aftermath of the decision.
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.