Free Trial
SGD

SGD NEER Still Lagging Inflation

BRENT TECHS

(N2) Eyeing Resistance

EQUITY TECHS

E-MINI S&P (M2): Trend Needle Points South

EUROZONE ISSUANCE

EGB Supply For W/C May 23, 2022

USDCAD TECHS

Bear Cycle Still In Play

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
KIWI
KIWI: NZD/USD shook off the release of a softer Q3 NZ Westpac Consumer
Confidence reading in early dealing (103.5 Vs. Q2 108.6), with the pair now
benefiting from the bid in GBP/USD which is weighing on the USD (albeit
marginally) in early Asia-Pacific trade.
- Whole milk powder prices fell 1.8% in the last GDT auction (in the London
afternoon on Tuesday), fairing slightly better than 4% fall that futures were
implying. Elsewhere the headline GDT index fell by 1.3%. NZD shrugged off the
latest auction result (as has largely been the case in recent times).
- NZD/USD last deals at $0.6595. The rate's 21-DMA provides initial resistance
ahead of the $0.6640 area. Support is noted at Monday's low ($0.6539), with
longer term NZD/USD support noted at the YTD low ($0.6501), intertwined with
touted option linked support at $0.6500.
- NZ BoP Current A/c data is due in ~5 minutes time, ahead of tomorrow's NZ GDP
release.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.