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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.
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Free AccessNZD/USD sank on Tuesday, as risk aversion......>
KIWI: NZD/USD sank on Tuesday, as risk aversion took hold, weighing on commodity
FX. A weaker than expected PBoC fix didn't help the kiwi either. Subsequent
recovery brought only a partial unwinding of the initial losses.
- NZ Treasury released its financial statements for the 10 months through Apr 30
this morning. New Zealand reported a smaller than expected budget deficit,
though net debt of GDP swelled to 25.3% vs. projections of 24.6%.
- The rate remains a tad heavy and trades -15 pips at $0.6499. A fall through
Tuesday's low of $0.0.6469 would allow bears to set their sights on the 200-DMA
at $0.6321. Bulls need a clearance of Tuesday's peak at $0.6580 before taking
aim at the psychological $0.6600 barrier.
- New Zealand's m'fing activity will be released shortly, card spending hits the
wires on Thursday and BusinessNZ M'fing PMI is due on Friday.
To read the full story
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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.