Free Trial

NZD CPI beat expectations, but...

NZD
  • A little perplexing to see the NZD a touched offered versus the Aussie this morning, after a beat in New Zealand inflation overnight.
  • AUDNZD is up just 0.14% versus the NZD, while the Aussie and the Kiwi, trades in the red against all G10s, led by the risk off tone.
  • Resistance is initially seen at yesterday high 1.0728, but better is expected at 1.0740.

Chart source: Bloomberg

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.