Free Trial

Narrow Ranges vs USD, AUD/NZD Softens

NZD

NZD/USD prints at $0.6140/45, the pair is ~0.1% firmer today.

  • Narrow ranges have been observed thus far today for NZD/USD with the pair operating in a $0.6135/50 range. Spillover from the Australian CPI print saw the pair pressured off session highs however moves have had little follow through thus far.
  • AUD/NZD is ~0.2% softer, last printing $1.0775/85. The pair broke its 20-Day EMA yesterday and is consolidating below the measure today as Australian Trimmed Mean CPI for Q1 printed below expectations.
  • Cross asset wise; e-minis are holding their early gains sitting up ~0.5%. BBDXY is flat and the US Treasury Curve is flatter.
  • Looking ahead, on the wires tomorrow we have the April ANZ Business Survey and on Friday we have April ANZ Consumer Confidence.

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.