Free Trial

Narrow Ranges In Asia

NZD

NZD/USD prints at $0.5990/95, the pair is in line with closing levels on Friday.

  • Kiwi has see-sawed in a narrow range around the $0.60 handle in todays dealing, there has been no follow through on moves thus far.
  • AUD/NZD is little changed and sits in a narrow range also.
  • August Building Permits fell 6.7% M/M, the prior read was revised lower to -5.4%.
  • Cross asset wise; US Tsy Yields are ~4bps firmer across the curve. E-minis are up ~0.6%.
  • A thin docket today leaves wider swings in risk sentiment as the main driver in NZD.

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.