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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 edged lower overnight and last deals...>
KIWI: NZD/USD edged lower overnight and last deals at $0.6765, with NZD modestly
underperforming its G10 peers at writing.
- No major impact on price action to an improvement in NZ consumer confidence
was noted.
- Debate around the RBNZ's proposal to increase capital requirements continues,
with ANZ economists saying that the move could curb lending, slow GDP growth,
and entail a lower policy rate.
- Bears continue to eye the 50-DMA at $0.6740 and a fall below that level would
allow them to target yesterday's low at $0.6725. Conversely, bulls look for a
move through yesterday's peak at $0.6791, followed by the 200-DMA at $0.6842.
- NZ calendar towards the end of the year is virtually empty.
To read the full story
Sign up now for free trial access to this content.
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.