MNI POLICY: Cracks On MPC But Gradualism Holds, Bailey Nuanced

MNI BRIEF: Fed's Goolsbee Sees Rates 'A Fair Bit Lower'

MNI: BLS: NET REVISIONS TO JULY, AUG PAYROLLS +72K

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

MNI BRIEF: NBP Keeps Key Interest rates unchanged

MNI BRIEF: Turkish Inflation Expectations Ease As CBRT Holds

Economic Data Calendar

CANADA SEP IVEY PURCHASING MANAGERS INDEX 53.1 SA

EZ/UK Bond Supply Calendar: BoE APF Monday; EU Syndication

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

NZD: NZD Hits New Ytd Highs On China Stimulus

NZD
USGlobalAPACNew ZealandBulletMarketsForeign Exchange BulletsRegionNorth America
  • NZD/USD has reached a new ytd high after hitting 0.6375, the move has been driven by optimism around Chinese stimulus measures, including the People's Bank of China's plan to lower mortgage rates.
  • This upbeat sentiment benefits the risk-sensitive NZD & AUD, while a slightly subdued USD has helped following a dovish Federal  and expectations and a potential rate cut in November.
  • Geopolitical risks in the Middle East are providing some support to the safe-haven USD, capping the pair's upside.
78 words

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.
  • NZD/USD has reached a new ytd high after hitting 0.6375, the move has been driven by optimism around Chinese stimulus measures, including the People's Bank of China's plan to lower mortgage rates.
  • This upbeat sentiment benefits the risk-sensitive NZD & AUD, while a slightly subdued USD has helped following a dovish Federal  and expectations and a potential rate cut in November.
  • Geopolitical risks in the Middle East are providing some support to the safe-haven USD, capping the pair's upside.