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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 last deals at $0.6731, slid 28 pips....>
KIWI: NZD/USD last deals at $0.6731, slid 28 pips in reaction to the RBNZ's
confirmation that they are revisiting their unconventional policy strategy amid
record-low interest rates, with the work still being "at a very early stage."
The aforementioned comments were released in response to an Official Information
Act request and the Bank declined to share further details.
- Meanwhile, USD strengthened somewhat, drawing support from a Rep-Dem deal re:
spending caps (still has to get a thumbs-up in the Congress), with traders also
pointing to positioning ahead of the upcoming ECB MonPol decision.
- The 200-DMA at $0.6723 remains in focus, breach to the downside would expose
$0.6710, which represents the 50% retracement of the fall from $0.6939 to the
YtD low of $0.6482. Conversely, bulls look to the 61.8% retracement of the
aforementioned range, located at $0.6764, where the rate closed on Friday.
- Tomorrow's publication of NZ trade balance is noteworthy.
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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.