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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
NZD/USD has shrugged off the latest round of...>
KIWI: NZD/USD has shrugged off the latest round of comments from RBNZ Gov Orr as
he offered little new, pointing to satisfaction with where rates are at present
& noting the ongoing assessment of unconventional MonPol measures, in case they
are ever needed. The rate last sits at $0.6332, barely changed on the day.
- Risk aversion driven by mix of well-documented developments around the
Covid-19 outbreak pulled the rug from beneath the kiwi, helping it to a fresh
three-month low.
- Yesterday's slide was moderated by support from a series of lows printed in
mid-Nov. The trough of Nov 8 at $0.6322 provides the initial bearish target and
a break here would bring the Oct 16 low of $0.6241 into view. Conversely, a
break above the $0.6400 mark would encourage bulls to target the Feb 19 high of
$0.6411.
- Local retail sales & credit card spending data take focus next Monday. Trade
balance & ANZ biz. conf. hit on Thursday, with ANZ cons. conf. due Friday.
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.