Free Trial

Marginally Firmer, Ranges Narrow


NZD/USD prints at $0.6205/10, the pair is ~0.1% firmer today.

  • Kiwi unwound early pressure as Chinese and HK equities rallied in early dealing at the open as after details emerged from the anticipated Chinese politburo meeting. The politburo noted it will enact plans to resolve local government debt issues as well as increase support for the property market.
  • NZD/USD firmed above $0.62 however resistance was seen above yesterday's high and gains were marginally pared. Narrow ranges are persisting with the pair operating in a ~20 pip range for the most part today.
  • AUD/NZD is little changed and is consolidating in a narrow range below $1.09.
  • Cross-asset wise; BBDXY is down ~0.1% and US Tsy Yields are ~2bps lower across the curve. The Hang Seng is up ~3% and CSI300 is up ~2%.
  • Wider swings in risk sentiment will be the main driver in NZD in today's dealing.

To read the full story



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.