Free Trial

NZD advanced in early dealing, aided by........>

KIWI
KIWI: NZD advanced in early dealing, aided by AUD/NZD sales & CNH strength, but
the kiwi's strength faded as USD/CNY & USD/CNH moved higher not long after the
Chinese onshore markets opened for trade.
- NZD/USD briefly topped Friday's best levels and registered a high of $0.6702.
The cross last deals back at $0.6690. NZD/USD's notable initial resistance area
comes in around $0.6750 (the pre-RBNZ area).
- Thursday's ANZ business confidence survey headlines the NZ docket this week.
As a reminder last week saw RBNZ Gov. Orr reiterate that the biggest risk to the
NZ economy comes in the form of business investment, so the upcoming release may
come under more scrutiny than usual.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.