Free Trial

Narrow Ranges, Supported Ahead Of YTD Lows

NZD

NZD prints at $0.5865/70, the pair is ~0.1% lower today.

  • Kiwi is marginally pressured, however a $0.5865/85 range has persisted for the most part.
  • A bid in USD/JPY, which spilled over into wider USD strength, saw NZD/USD pressured before support came in ahead of YTD lows.
  • New Zealand Q2 filled jobs rose 1.1% q/q, matching the pace in Q1. This was the tenth straight quarter of increases.
  • Q2 Manufacturing Activity rose 0.2% Q/Q, the prior read was revised higher to -2.5% from -2.8% Q/Q.
  • A thin local docket for the remainder of the session 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.