MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

BoE Data Watch

BoJ Data Watch

Fed Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD Continues Winning Streak, AUD/NZD nears Yearly Lows

NZD

NZD weakened post the Asia session on Wednesday, however still finished the day up 0.19% and a top performer of G10 Currencies only trailing CHF, while the BBDXY traded 0.04% lower.

  • NZDUSD benefited on Wednesday after Chinese stocks surged higher marking the sixth day of gains for the pair. As the European and US session progressed the pair trended lower retesting the daily lows (0.6161) before closing the session back at 0.6181. On the technical side, a break above Wednesday highs 0.6198 opens up a move to 0.6206 the Jan 16 high.
  • AUDNZD has been under pressure recently and hovers just above yearly lows made on Feb 9th, the pair has been trading between 1.060/1.070 since February 7th and a break here could signal a retest 1.0560, lows made in May 23.
  • New Zealand just released Trade data: Trade Deficit -976m vs -323m prior, Exports 4.93b vs 5.94b, Imports 5.91b vs 6.26b with the 12M Trade deficit at -12,496b vs -13.567b.
  • Elsewhere, New Zealand Finance Minister Nicola Willis plans to meet Australian Treasurer Jim Chalmers on Thursday, aiming to discuss the new government's approach focused on fostering an environment for increased business investment and positioning New Zealand as a hub for talent, capital, and innovation.
  • Looking ahead to Friday NZ has Retail Sales, while later today the US has Chicago Fed Nat Activity Index, Job Claims , and Existing Home Sales due out.
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.