Free Trial

NZD/USD last trades at $0.6885, 15 pips........>

KIWI
KIWI: NZD/USD last trades at $0.6885, 15 pips higher on the day. The rate is
moving higher at writing, supported by RTRS headlines citing China's MOFCOM as
saying that chief trade envoys from China and the U.S. spoke by phone and
"exchanged views on pushing forward timetable, roadmap for next stage of trad". 
- The rate initially slipped Monday, pressured by matters around the arrest of
Huawei CFO, before it rallied on broader dollar weakness, before steadily ebbing
back from best levels in London & NY trade. 
- Bulls eye Thursday's high/yesterday's high at $0.6901/05 before challenging
the Jun 20 high at $0.6917. Meanwhile, initial support is located at the 200-DMA
at $0.6853 and a break below that level would open up the 21-DMA/yesterday's low
at $0.6845/41. 
- RBNZ Gov Orr is set to appear in front of the lawmakers Wednesday, but focus
also falls on the NZ Tsy's half year fiscal & economic update due Thursday.

To read the full story

Close

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.