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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 advanced almost 20 pips Tuesday &......>
KIWI: NZD/USD advanced almost 20 pips Tuesday & last sits at $0.6785.
- Optimistic headlines re: global trade lent support to the Kiwi Tuesday with
NZD/USD posting a knee-jerk spike higher on the back of optimistic trade
comments from Chinese Foreign Ministry (although initial impact faded away as
wires clarified that the comments were in reference to a phone call between the
two leaders on Nov1). Elsewhere, U.S. top econ adviser Kudlow & China's VP Liu
also raised hopes for normalising trade relations.
- AUD/NZD deals at NZ$1.0649 at writing, away from session lows.
- USD/NZD bulls need to jump back onto the $0.6800 handle before challenging
yesterday's highs of $0.6810, while bears look to a break below the
21-DMA/yesterday's low at $0.6757/54, hoping to regain some downside impetus.
- NZ highlights this week include ANZ biz. confidence & building permits due
Friday.
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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.