Free Trial

NZD/USD posted a leg higher on the back of.....>

KIWI: NZD/USD posted a leg higher on the back of the latest comments from RBNZ
Asst Gov Hawkesby, but the move has been erased since. 
- The RBNZ official reiterated that the Bank is watching inflation expectations
and expressed confidence of pushing inflation higher after yesterday's 50bps cut
to the OCR. 
- In line with what RBNZ Gov Orr said yesterday, Hawkesby noted that
unconventional policy tools are contingent on whether "inflation tanks," but the
latest rate cut has decreased the chance of deploying them.
- NZD/USD sits at $0.6451, a touch higher on the day. Familiar technical picture
remains in play.

To read the full story



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.