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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 was the best G10 performer, allowing.......>
KIWI: NZD was the best G10 performer, allowing NZD/USD to make headway
overnight. The pair added 10 pips and currently sits at $0.6775.
- Over the weekend Xinhua reported that some Chinese firms have applied for
tariff exemptions as they intend to purchase U.S. agricultural goods. The story
might have somewhat supported the kiwi through the session, but there wasn't any
immediate reaction and the rate advanced only after the Tokyo fix.
- Friday's close at $0.6764, which also represents the 61.8% fibo retracement of
the slide from $0.6939 to $0.6482, gave way today. This shifts bullish focus to
the $0.6800 figure. Conversely, bears look for a retreat towards the 200-DMA,
which comes in at $0.6722.
- Wednesday's publication of trade balance numbers headlines NZ economic docket
this week.
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.