Free Trial
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.
NZD
- A solid bounce off the lows for the USD index has continued to hamper the New Zealand dollar on Wednesday, with the overnight dovish turn from the RBNZ continuing to drive the price action. NZDUSD is now testing fresh session lows at the psychological 0.6000 mark.
- The Reserve Bank of New Zealand will take a gradual, smooth path to a lower rate environment following Wednesday's decision to cut the official cash rate 25 basis points to 5.25%, though the Monetary Policy Committee discussed a 50bp cut at its meeting at which it slashed its rate outlook, Governor Adrian Orr told reporters on Wednesday.
- The solid backdrop of recent equities outperformance and a test of the 20-day EMA could point to this being a corrective pullback for the pair. However, protracted weakness might signal scope for a move back to key medium-term support of 0.5852.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok