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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 has edged higher and last deals at.....>
KIWI: NZD/USD has edged higher and last deals at $0.6741, ahead of the RBNZ's
MonPol decision due at 0100GMT and a press conference with RBNZ Gov Orr an hour
later. The Bank is exp. to stand pat, but any surrounding rhetoric re: downside
risks to global growth will draw interest. For our comprehensive RBNZ preview
visit https://emedia.marketnews.com/RBNZ_Preview_-_110219.pdf
- The pair finished almost flat Tuesday and stuck to a ~25 pip range. Some kiwi
weakness was noted in yesterday's Asia-Pacific session, likely owing to pressure
from AUD/NZD flows, amidst a recovery in risk appetite.
- Bulls need a clean break above Tuesday's peak at $0.6744 before challenging
the 200-DMA at $0.6753. A jump above the latter level would bring the 50-DMA at
$0.6787 into play. Meanwhile, bears look for a fall below $0.6727, which
represents the 100-DMA, before shifting focus to Tuesday's low of $0.6720.
- Besides the aforementioned RBNZ policy decision, the ongoing Sino-U.S. trade
talks will also be closely watched, with ministerial level negotiations
scheduled for Thursday & Friday.
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.