MNI BRIEF: Aussie Monthly CPI At 4%, Higher Than Expected

MNI: PBOC Net Drains CNY28 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY250 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1248 Weds; -0.56% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1248 WEDS VS 7.1225

MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

Monthly CPI Firmer In Y/Y Terms, Core Measure Mixed

Australia May CPI +4.0%; Housing Price +5.2%

MNI: AUSTRALIA MONTHLY MAY CPI 0.2% MM, 4.1% YY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

NZD Steady, Domestic Covid Matters Still In Focus

KIWI

NZD/USD resisted the early appreciation of commodity-tied FX Monday, as PM Ardern extended Auckland lockdown by four days, but picked up a bid later on, only to erase gains into the WMR fix. Participants were left to assess familiar risk factors, as the global data calendar was rather uninspiring.

  • PM Ardern told Morning Report that she expects it to take weeks before New Zealand reaches the tail of the cluster of new Covid-19 infections, but "no one is suggesting for a moment that we would stay in level 3 restrictions until we saw the tail end of it".
  • NZD/USD trades flat at $0.6526. A break above Aug 19 high of $0.6651 would open up Aug 7 high of $0.6691. Conversely, a fall through Aug 20 low of $0.6489 would bring Jun 22 low of $0.6377 into view.
  • New Zealand's trade balance comes out tomorrow, while ANZ Consumer Confidence is due Friday.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.