BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

Muted Start, Data Docket Light This Week

NZD

NZD/USD prints at $0.5820/30, the pair is little changed from Friday's closing level in a muted start to Monday's trading.

  • Kiwi held in narrow ranges for much of Friday's dealing holding above last week's cycle lows as weaker equities weighed on sentiment, finishing the session down ~0.4%.
  • NZD/USD marked a third consecutive week of falls, finishing last week ~1% lower and sitting ~2.5% lower through October.
  • Downside support now comes in at $0.5812, low from 19 Oct, the $0.58 handle and $0.5719 a Fibonacci projection. Bulls look to move through the $0.59 handle to target the 20-Day EMA ($0.5912) and the high from 11 Oct ($0.6056).
  • AUD/NZD continues to see-saw around the 200-Day EMA ($1.0823) in narrow ranges, the cross has held above the $1.08 handle with $1.0850 providing resistance.
  • Cross asset wise on Friday; S&P500 breached its 200-DMA finished down ~1.3%. BBDXY was little changed and 10 Year US Tsy Yields fell 8bps.
  • The local data docket is light this week with just October ANZ Consumer Confidence due on Friday.
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.