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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 US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
NZD/USD last seen at $0.6615, virtually........>
KIWI: NZD/USD last seen at $0.6615, virtually unchanged on the day, ahead of the
release of the local ANZ Business Confidence Survey.
- Broader risk aversion applied weight to the pair yesterday, with the downside
momentum ignited into European hours. U.S. Pres Trump's tough rhetoric re: trade
talks with China worried investors, while the upcoming monetary policy decision
from the Fed also inspired caution.
- A fall below the channel support/psychological barrier at $0.6606/00,
potentially the first breach of the round figure in three weeks, would encourage
bears to set their sights on the lower Bollinger band (2%) at $0.6573. Bulls
need to recover the nearby 50-DMA at $0.6627 before challenging $0.6657, which
represents the 38.2% retracement of the $0.6939-$0.6482 slide/Jul 10 high.
- MNI understands that the RBNZ would prefer resorting to QE rather than cutting
the OCR below zero (see MNI Main wire at 11:57 BST 07/30).
- NZ ANZ consumer confidence tally will be published on Thursday. Focus also
falls on Chinese official PMI gauges, due later today, with China's Caixin
m'fing PMI coming up on Thursday.
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.