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Free AccessNZD Declines With RBNZ, Coronavirus In Focus
NZD has softened a tad in a generally tight start to the Asia-Pac session, amid a continued worry about the discovery of new coronavirus cases in Auckland and the ensuing implementation of lockdown measures in the city. The nation's Director-General of Health said that one of the infected persons travelled to Rotorua while displaying symptoms of the disease. The situation added uncertainty ahead of the imminent monetary policy decision from the RBNZ, clipping the Kiwi's wings.
- USD trades on a slightly firmer footing and USD/CNH has just punched through CNH6.9500 as a result. The greenback's strength has been broad-based.
- Focus moves to UK GDP and monthly activity indicators, as well as U.S. & Swedish CPI data. Comments from Fed's Rosengren, Kaplan & Daly will also be closely watched.
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.