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LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
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Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
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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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Free AccessNZD/USD finished a tad higher Tuesday,.........>
KIWI: NZD/USD finished a tad higher Tuesday, extending its rebound from worst
levels since 2015. The rate ticked higher in Asia thanks to the RBA's decision
to "only" deliver a 25bp cut & some relatively optimistic overtones in rhetoric
from the Martin Place, which spilled over across the Tasman. Later in the day, a
50bp rate cut delivered by the Fed inspired a spike in NZD/USD, as the greenback
took a hit. The rate faded most of that move into the close.
- The results of the latest GDT auction, released in the London afternoon,
attracted little attention, given the broader picture developments. Headline
price index fell 1.2%, with whole milk powder prices declining 0.5%.
- Already out this morning we had NZ building permits, which fell 2.0% M/M.
Elsewhere, New Zealand confirmed its second coronavirus case in Auckland.
- NZD/USD trades at $0.6272, 3 pips worse off with Antipodean FX struggling
somewhat at typing. The Mar 2 low of $0.6180, remains the key near-term bearish
target. Above Tuesday's peak at $0.6325 would draw topside attention to the Feb
27 high at $0.6335.
- Domestic focus turns to vol. of all buildings (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.