DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD/USD Hovers Above $0.7200, RBNZ's Advice On Mortgage Restrictions Due In May

NZD

Broader demand for USD weighed on NZD/USD Tuesday, dragging the pair away from multi-week highs printed earlier this week, but the $0.7200 mark limited losses.

  • As flagged earlier, the latest report from interest.co.nz noted that the RBNZ "plans to respond in late-May to the Government's request for more information on restricting interest-only mortgages and lending to people seeking large mortgages compared to their incomes." The advice will be released separately from the upcoming Financial Stability Report.
  • New Zealand's trade balance & final ANZ Business Confidence are due tomorrow, while ANZ Consumer Confidence hits the wires on Friday.
  • The rate last trades flat at $0.7208, with bears looking for a break under Apr 22 low of $0.7146. Next support is located at $0.7122, the low print of Apr 19. Bulls need a clearance of Apr 26 high of $0.7243 before targeting Mar 18 high of $0.7269.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.