Free Trial

NZD/USD has slightly trimmed its earlier.......>

KIWI
KIWI: NZD/USD has slightly trimmed its earlier gains after BBG reported that NZ
Tsy informed the country's Finance Minister that S&P Global Ratings could drop
the positive outlook from New Zealand's AA rating after the Wellbeing Budget
boosted social spending.
- The rate sits at $0.6363, 13 pips better off, after topping out at $0.6365. A
familiar technical picture remains intact. Bears look for a further dip towards
the 50-DMA at $0.6341. Bulls keep an eye on the 76.4% retracement of the Sep 12
- Oct 1 slide at $0.6393, hoping for a pick-up in topside momentum.

To read the full story

Close

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.