MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

MNI BRIEF: Riksbank Dec Cut On If Things Hold - Jansson

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI China Press Digest Nov 27: Insurance, Tax, U.S. Trade

MNI: FRANCE NOV CONSUMER SENTIMENT 90

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

NZD rallied in the wake of the RBNZ MonPol....>

FOREX
FOREX: NZD rallied in the wake of the RBNZ MonPol decision, which saw the Bank
leave its OCR unch. at 1.75%, as it flattened its OCR track. NZD bears were
dissatisfied, even as the Bank reintroduced the phrase re: the next move in the
cash rate could be up or down to the statement and slashed its 2019 CPI outlook.
This was followed by comments from RBNZ Gov Orr, who stated that "chances of a
rate cut have not increased & the (policy) outlook is balanced", but noted that
a rate cut may be needed if growth doesn't pick up. 
- NZD strength supported AUD, before reports suggesting that Chinese Pres Xi
will meet with top U.S. trade reps on Friday provided AUD with further support. 
- Oil advanced but CAD still lagged the Antipodeans. 
- JPY underperformed, as Japanese equities gained ~1.5%. 
- USD/CNH dropped ~120 pips, with a source highlighting Chinese names buying
USD/CNH sub-CNH6.7600. 
- Focus turns to UK & U.S. CPIs, EZ industrial output & Riksbank MonPol
decision, accompanied by a presser with Riksbank's Ingves. Elsewhere, ECB's
Lane, Villeroy & Visco, Fed's Mester, Bostic & Harker will speak.
Energy BulletsCommodities
Energy BulletsCommodities

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.