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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
NZD/USD added 10 pips overnight, aided by a....>
KIWI: NZD/USD added 10 pips overnight, aided by a strong session for regional
equities, as well as a RTRS report suggesting that the U.S. "tempered demands
that China curb industrial subsidies as a condition for a trade deal after
strong resistance from Beijing." Elsewhere, BBG cited sources noting AUD/NZD
sales ahead of Wednesday's release of kiwi CPI data, which might have spilled
over into NZD/USD.
- NZD/USD last seen at $0.6774, still shy of the psychological $0.6800 level,
which capped gains on Apr 3 & Apr 4. A break above would open up the
100-DMA/50-DMA at $0.6808/13. On the downside, a pullback through the recently
breached 200-DMA at $0.6733, ahead of Friday's monthly low of $0.6714.
- NZ focus this week turns to Wednesday, which will see the release of domestic
CPI, as well as a batch of Chinese data, including GDP, industrial output,
unemployment and retail sales. Any signals re: the finalisation of the Sino-U.S.
trade deal will also provide interest.
To read the full story
Sign up now for free trial access to this content.
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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.