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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessMNI BRIEF: Banxico Holds Rate At 11.25%, To Assess Cuts
US Treasury Auction Calendar
NZD/USD was hammered by RBNZ action at the.....>
KIWI: NZD/USD was hammered by RBNZ action at the open, plunging past $0.6000 to
a new 11-year low in early trade. However, the rate has then recovered somewhat
as U.S. FOMC cut its policy rate by 100bp, bringing it close to zero, and said
it will increase its bond holdings by a combined $700bn, among others.
- The RBNZ earlier trimmed the OCR by 75bp to 0.25% and promised to keep it
there for at least 12 months. They also said that launching QE would be
preferred to further OCR reductions, should the need of further easing arise.
The emergency meeting was in lieu of the one slated for this month.
- NZIER published their quarterly survey of economists and now predict NZ GDP
growth to avg at +1.9% Y/Y in 2019-20 vs. prev. forecast of +2.2%.
- After some wild gyrations, NZD/USD trades -79 pips at $0.6055. Bears look for
a drop below the lower 3.0% Bollinger band at $0.6017, towards the earlier
multi-year low of $0.5944. Bulls keep an eye on Friday's peak at $0.6209.
- NZ docket this week features Westpac Consumer Confidence (Tuesday), BoP
Current A/c Balance (Wednesday), Q4 GDP (Thursday) & card spending (Friday).
There's a GDT auction coming up on Tuesday.
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.