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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
NZD clung to the coattails of AUD yesterday,...>
KIWI: NZD clung to the coattails of AUD yesterday, shaking off early losses and
rising through the day as oil rebounded & risk appetite improved. NZD/USD ebbed
off highs late doors, perhaps as reports about a failed trial of an experimental
drug for Covid-19 were doing the rounds.
- BBG interviewed NZ FinMin Robertson this morning. He said that further
"substantial" support from the gov't is forthcoming, but added that off'ls will
need to be careful with spending. Border restrictions will remain "for a
significant period of time".
- NZD/USD trades flat at $0.6010, with bulls looking for a break above the
50-DMA/Apr 20 high at $0.6087/92 before taking aim at Apr 14 high of $0.6131.
Bears would be pleased with a dip through yesterday's low of $0.5911, towards
Apr 3 low of $0.5844.
- Looking ahead, next week's NZ data releases of note include Wednesday's trade
balance, Thursday's ANZ Business Confidence & Friday's ANZ Consumer Confidence.
To read the full story
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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.