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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 ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
NZD/USD last deals at $0.6825, 8 pips higher...>
KIWI: NZD/USD last deals at $0.6825, 8 pips higher on the day, with kiwi
narrowly outperforming all of its G10 peers but the yen at writing.
- In early Asia-Pacific hours, NZ gov't released its financial statement for the
5 months to Nov 30. The document indicated a budget surplus of NZ$261mn against
a NZ$88mn deficit forecast, on the back of higher tax revenue & limited
spending. Also in terms of data releases, NZ Dec retail card spending fell 2.3%
m/m, which marked the biggest fall on record (i.e. since 2002).
- As a reminder, Tuesday saw the latest GDT & WMP prices rise by a larger than
exp. amount.
- Familiar technical levels remain in play, with bulls looking for a break above
yesterday's high of $0.6849 in search of some upside momentum. On the downside,
initial attention is drawn by the $0.6800 figure, where the pair bottomed
yesterday. A fall below would bring a pair of DMAs at $0.6797 (50-DMA) & $0.6788
(55-DMA, 200-DMA) into view.
- NZ focus turns to REINZ house sales due tomorrow & BusinessNZ m'fing PMI due
Friday. Domestic CPI will headline the NZ docket next week.
To read the full story
Sign up now for free trial access to this content.
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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.