Trial now

Road Blockades Expected To Be Removed


(N1) Pullback Considered Corrective


Local news: Rating Affirmed At Fitch

KIWI: NZD/USD remains lower on the day, once again testing $0.6600, as the
Antipodean currencies come under some pressure post-RBA.
- The rate moved below the figure in early dealing on the back of the soft NZIER
quarterly business opinion survey. The survey revealed the lowest headline
reading since March of 2009. The survey also noted that "a net 0.4 percent of
firms reported higher demand over the September quarter - the lowest level since
September 2012."
- The rate has failed to challenge support at the 19 September low ($0.6573)
thus far. Initial resistance is noted at Friday's high ($0.6640).
- AUD/NZD had a brief look above its 50-DMA (NZ$1.0946), topping out at
NZ$1.0952, last NZ$1.0930 as the AUD underperforms post RBA.
- NZ QV house price data provides the most notable point of interest during the
remainder of the week.
MNI London Bureau | +44 0203-865-3809 |