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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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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
NZD/USD last sits a touch lower at $0.6760,....>
KIWI: NZD/USD last sits a touch lower at $0.6760, after a pretty positive week,
which saw it advance 71 pips.
- That being said, after touching last week's high of $0.6791 early into
Friday's Asia-Pac session, the rate declined on the back of growing USD
strength. The greenback was bolstered by a statement from NY Fed downplaying
earlier comments from its Pres Williams, which were widely read as dovish, and a
WSJ story which poured called water on aggressive FOMC easing bets. NZD/USD
closed 19 pips lower on the day at $0.6764, which represents the 61.8% fibo
retracement of the slide from $0.6939 to $0.6482.
- Bears eye a fall below the 200-DMA, which comes in at $0.6722. Conversely,
bulls need a clean break above the aforementioned Fibonacci retracement before
challenging the round figure of $0.6800.
- NZ trade balance figures are expected on Wednesday; no RBNZ speakers figure on
the docket this week.
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.