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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
NZD/USD was well bid on Wednesday, with both...>
KIWI: NZD/USD was well bid on Wednesday, with both sides of the pair finishing
on the opposite ends of the G10 scoreboard. The rate was buoyed by firmer risk
appetite and in-line NZ trade data, with breakdown figures showing that exports
swelled to a record high. Meanwhile, cautionary tones in the Fed's post-MonPol
communique helped keep the greenback on the defensive.
- Wednesday's rally took the rate above Apr 14 high of $0.6131, a key near-term
resistance level. NZD/USD is little changed at $0.6136 this morning, with bulls
looking for further gains past the $0.6200 mark, towards the 100-DMA at $0.6315.
Bears need a retreat under the 50-DMA at $0.6063 to stave off bullish pressure
and target the next key support at $0.5911, Apr 23 low.
- New Zealand's final ANZ Business Confidence hits later today, while ANZ
Consumer Confidence comes out 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.