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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 $0.6908, virtually.......>
KIWI: NZD/USD last deals at $0.6908, virtually unchanged on the day. As a
reminder, the RBNZ will deliver its MonPol decision later today. The Bank is
widely expected to leave its OCR unchanged at 1.75% and reaffirm its neutral
policy stance. For our comprehensive preview visit
https://emedia.marketnews.com/marketnewsintl/RBNZ_Preview_-_March_2019.pdf
- The rate finished marginally in the red on Tuesday, even as strong NZ trade
data and broader risk-on flows provided support in early Asia-Pacific hours.
- On Tuesday, early European trade saw the pair test the water below $0.6900. A
clean break below the figure, which also capped gains last Friday, would allow
bears to target the 21-DMA at $0.6842. Meanwhile, bulls look to yesterday's high
of $0.6943 and above here opens the upper 1.0% 10-DMA envelope at $0.6942.
- On the data front, NZ ANZ business confidence is due Thursday, while building
permits come out on Friday. Any fallout from the Sino-U.S. trade talks will also
be of interest.
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.