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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 took a nosedive on the back of the.....>
KIWI: NZD/USD took a nosedive on the back of the NZ labour market report. A
downtick in headline unemployment was due to a decline in participation rate, as
employment change moved into negative territory on a Q/Q basis. Wage data also
provided disappointment, save average hourly earnings, adding to the generally
downbeat picture.
- NZD/USD last sits at $0.6641, 34 pips lower on the day. A clean break below
Tuesday's low of $0.6651 turns bearish focus to $0.6617, where the rate bottomed
on Friday. Below here would expose the lower 1.0% 10-DMA envelope, which kicks
in at $0.6590. Conversely, bulls need to retake the aforementioned Tuesday's low
before challenging the $0.6681-85 region, which has capped gains since Friday.
To read the full story
Sign up now for free trial access to this content.
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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.