MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD/USD Sheds Gains But 50-DMA Remains Intact

NZD

NZD/USD round tripped from its intraday peak at $0.7203 on Monday even as bullish momentum was building in the Asia-Pac session after the kiwi shook off initial weakness linked to soft Chinese PMI data. Topside impetus dwindled later in the day amid broader demand for the greenback. The rate finished the day in negative territory, but failed to stage an attack at its 50-DMA.

  • The pair has edged higher and last deals at $0.7165, 7 pips better off. A break above Jan 29 high of $0.7226 would open up Jan 26 high of $0.7248. On the flip side, losses past the 50-DMA at $0.7133 would turn focus to Jan 28/18 lows of $0.7106/0.7096.
  • Statistics NZ released Q4 property transfer statistics, with home transfers surging 31% Y/Y in the last quarter of 2020, the most since the series began in 2015.
  • New Zealand's CoreLogic House Price Index comes out today, labour market data will grab attention tomorrow, while building permits & ANZ Business Confidence hits the wires on Thursday.
  • In addition, an update on New Zealand's Covid-19 situation is due at 13:00 local time.
  • Worth reminding that the results of the latest GDT auction will be published online in the London afternoon.
  • The RBA's MonPol decision across the ditch will provide some interest today.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.