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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
NZD/USD last trades at $0.6624, 2 pips.........>
KIWI: NZD/USD last trades at $0.6624, 2 pips better off. Little in the way of
immediate reaction has been noted upon the release of a better than forecasted
NZ Q1 construction work growth, which accelerated to +6.2% Q/Q from +2.7% vs.
exp. of a deceleration to +1.1%
- Thursday saw the rate trade within Wednesday's range. NZD/USD inched higher in
the Asia-Pac session after NZ 10-month budget surplus proved wider than
expected. Another uptick was noted on the back of post-ECB USD weakness, but
NZD/USD gave away nearly all of its earlier gains towards the end of the day and
closed only 3 pips higher.
- Above the 50-DMA/upper 1.0% 10-DMA envelope at $0.6634/37 opens the 38.2% fibo
retracement of $0.6939-$0.6482 at $0.6657. Bears need a dip below $0.6600 before
setting their sights on the 21-DMA at $0.6556.
- NZ data releases are concluded for the week. Focus next week will turn to NZ
Tsy Monthly Economic Indicators due Monday, as well as BusinessNZ m'fing PMI &
food price index due Friday.
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.