CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Narrow Ranges As US CPI In View

NZD

NZD/USD prints at $0.5905/10, the pair is up ~0.1% today.

  • Kiwi has observed narrow ranges with little follow through on moves this morning. Participants may be limiting activity with this evening US CPI print in view.
  • A $0.5895/0.5910 range has persisted for the most part of Wednesday's trade.
  • AUD/NZD has ticked away from yesterday's highs. The cross has retreated from the top of the range that has persisted from mid July and sits at $1.0860/70 down ~0.2% today.
  • Food Prices rose 0.5% M/M in August, the prior read was unchanged at -0.5% M/M.
  • Cross asset wise; BBDXY is ~0.1% lower and US Tsy Yields are a touch firmer. E-minis are flat and the Hang Sang has opened dealing ~0.5% firmer.
  • Wider swings in risk sentiment ahead of the aforementioned US CPI print will be the main driver in NZD today.
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.