RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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 Rallied Over 1% Friday, OIS Pricing 3 Cuts Into Year-End

NZD

The NZD/USD rallied 1.14% on Friday closing the week at 0.6054, there was little in the way of any major local drivers with the BBDXY trading off 0.50% for the session as equities held onto strong weekly gains and US yields traded lower.

  • The NZD/USD closed at session highs on Friday, and as we get underway on Monday we trade little changed at 0.6052.
  • The RSI is 55 while the MACD is now showing increasing green bars, the pair managed to close the week above the 20, 50 & 100-day EMA, signally bullish momentum.
  • Initial resistance is 0.6065 (200-day EMA) above here 0.6085 (Aug 13 high) become the target, to the downside a break below 0.5985 (Aug 15 lows) would open a move to 0.5947 (100-Day EMA)
  • RBNZ dated OIS is fully pricing in another cut at the October meeting, and 80bps of cuts are priced into year-end.
  • The NZ-US 2yr swap spread was little changed on Friday at -17.5bps
  • Expiries: 0.5950 ($450m), 0.5675 ($800m) for Aug 21 & 0.5940 ($410m), 0.5920 ($300m), 0.5720 ($400m) for Aug 22nd
  • Today, Performance Services Index at 08:30 AEST
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.