MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD/USD Lower Ahead of RBNZ Decision Wednesday

NZD

NZD is the worst of the G10 currencies as the week gets underway. A pull-back wasn't unexpected given the size of the move last week, and as we head into the RBNZ rate decision later this week traders are understandably cautious.

  • NZD/USD is down 0.45%, after earlier breaking below the 0.6180 area which had held as support late last week. If the pair is unable to trade back above, a further move lower heading into the RBNZ decision on Wednesday could be on the cards.
  • Key levels to watch, spot currently hovers around 0.6170 just below initial support at 0.6174 (Highs from Jan 1), a hold below here opens a move to 0.6150/60 (highs from Jan 9/Jan 2) and further below to 0.6130 (lows Feb 20). To the upside, initial resistance is 0.6218 (Feb 22 highs) and break above opens a move to 0.6260 (Jan 11 Highs).
  • Leveraged kiwi longs now sit at the highest since August 2023
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.