Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Marginally Softer, Narrow Ranges Observed

NZD

NZD/USD prints at $0.6100/05, ~0.1% softer in todays trade.

  • The pair has been in a narrow range today with little follow through on moves thus far. Support has come in below $0.61 in recent dealing.
  • AUD/NZD is little changed, the cross continues to hold below $1.08 handle.
  • Cross asset wise flows are mixed, US Equity futures are lower. The S&P500 is down ~0.2% on reports that President Biden wants to raise corporate tax as well as raise taxes on high income earners. US 10 year Treasury Yields are ~1bp lower. BBDXY is little changed.
  • Looking ahead, on the wires tomorrow we have Feb BusinessNZ Mfg PMI and Q4 Mfg Activity.
106 words

To read the full story

Why Subscribe to

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.

NZD/USD prints at $0.6100/05, ~0.1% softer in todays trade.

  • The pair has been in a narrow range today with little follow through on moves thus far. Support has come in below $0.61 in recent dealing.
  • AUD/NZD is little changed, the cross continues to hold below $1.08 handle.
  • Cross asset wise flows are mixed, US Equity futures are lower. The S&P500 is down ~0.2% on reports that President Biden wants to raise corporate tax as well as raise taxes on high income earners. US 10 year Treasury Yields are ~1bp lower. BBDXY is little changed.
  • Looking ahead, on the wires tomorrow we have Feb BusinessNZ Mfg PMI and Q4 Mfg Activity.