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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 starts the day on a slightly softer....>
KIWI: NZD/USD starts the day on a slightly softer footing and last sits -14 pips
at $0.6033. The rate continues to unwind gains registered in Monday's Asia-Pac
session alongside AUD, amid a holiday-thinned liquidity, on the back of plans of
partial loosening of social distancing measures in Australia.
- New Zealand has moved into level 3 alert from level 4 at 23:59 NZST last
night. PM Ardern declared that the nation has "won the battle" against Covid-19
as "there is no widespread, undetected community transmission in New Zealand".
She was cautious while talking about the outlook, but said that the country can
move out of level 3 fairly quickly if citizens stick to the off'l guidelines.
- Monday saw the rate reject the 50-DMA, today at $0.6072, before it began its
pullback, encouraging bears to target Apr 23 low of $0.5911. Below there would
expose Apr 3 low of $0.5844. Bulls look to take out the 50-DMA before setting
their sights on Apr 14 high of $0.6131.
- Looking ahead, New Zealand's trade balance hits on Wednesday, ANZ Business
Confidence comes out on Thursday & ANZ Consumer Confidence 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.