MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Muted Start On Monday, RBNZ Rate Decision Headlines Week

NZD

NZD/USD prints at $0.6255/60, little changed in a muted start to Mondays trading.

  • The pair see-sawed around the 200-Day EMA ($0.6269) on Friday in a narrow range with little follow through on moves in the European and NY sessions.
  • Bulls first look to break $0.6306, Mar 20 high, to target 2023 highs at $0.6538. Bears look to target 2023 lows at $0.6085.
  • AUD/NZD prints at $1.0685/95, the pair is holding beneath the $1.07 handle. Bears look to first break 2023 lows at $1.0667, bulls look to break the 20-Day EMA at $1.0748.
  • Over the weekend OPEC+ made a shock million-barrel cut to oil production abandoning previous assurances it would hold supply steady.
  • The RBNZ cash rate decision provides the highlight this week, the Bloomberg survey looks for a 25bp hike in the OCR to 5%.
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.