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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Commodities
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Real-time insight of oil & gas markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Free AccessMNI China Daily Summary: Friday, December 29
MNI China Press Digest Dec 29: Monetary Policy, Growth, FDI
NZD/USD finished 52 pips lower Wednesday,......>
KIWI: NZD/USD finished 52 pips lower Wednesday, with weak NZ jobs data and the
latest post-FOMC comments from Fed Chair Powell weighing on the pair.
- A downtick in headline unemployment indicated in NZ Q1 labour mkt report
released early into Wednesday's Asia-Pac session stemmed from a decline in
participation rate, as quarterly employment change was negative, while wage data
also disappointed. Kiwi landed at the bottom of the G10 pile, as a result.
- NZD/USD immediately pared some of the reaction losses and consolidated within
a ~20 pips range, trading either side of $0.6650 pre-FOMC.
- The FOMC's decision to cut its IOER by 5bp to 2.35% triggered an uptick in
NZD/USD, but a spike to the intraday low of $0.6616 followed, as Fed Chair
Powell called the revision "technical" and reiterated the central bank's patient
stance. He also downplayed the factors holding down inflation as "transient" and
said that downside risks to the outlook have moderated.
- NZD/USD last trades flattish at $0.6625. Initial support noted at the 1.0%
10-DMA envelope at $0.6583, while bulls look to Wednesday's high of $0.6681.
- NZ building approvals will be released at 2345BST.
To read the full story
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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.