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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 AccessNZD/USD added 25 pips overnight and last.......>
KIWI: NZD/USD added 25 pips overnight and last trades at $0.6864, as broader
yuan strength lent support to the kiwi, but pressured the greenback, although
yuan strength is now fading to a degree. NZD outperforms all of its G10 peers at
writing.
- After the pair jumped above Friday's YTD high of $0.6851, initial bullish
attention is drawn to the Dec 18 high of $0.6870 and a clean breach of that
level (overnight high was $0.6872) would bring the psychological $0.6900 level
into play. Conversely, bears look for a fall below the 50-DMA at $0.6794 before
attempting a run at the 200-DMA/21-DMA at $0.6767/64.
- NZ focus this week falls on NZ trade balance data due Tuesday, as well as
Chinese PMI data due later this week & Sino-U.S. trade talks (with the preamble
commencing today).
To read the full story
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Please enter your details below.
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.