CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

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

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

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD/USD Struggles To Gain Altitude Despite Greenback Weakness

KIWI

NZD/USD ground higher on Monday, albeit somewhat reluctantly, as its drew support from positive risk appetite and broad-based greenback sales. That being said, the rate was happy to hold a familiar range and failed to threaten Friday's extremes.

  • At typing, NZD/USD trades flat at $0.6554. Gains past the 50-DMA at $0.6638 would open up Sep 18 YtD high of $0.6798. Conversely, a break below the 100-DMA at $0.6514 would allow bears to set their sights on Aug 20 low/23.6% retracement of the YtD range at $0.6489/85.
  • Monday afternoon saw the release of the latest TVNZ poll, which put the ruling Labour Party at 47% and the main opposition National Party at 33%, with the gap between them narrowing a tad.
  • Local building permits and final ANZ Business Confidence take focus tomorrow, with ANZ Consumer Confidence coming up Friday.
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.