TEST FROM BANK OF CANADA, PLEASE IGNORE

MNI BRIEF: US Existing Home Sales Fall 5.4% To 3.89M In June

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

US Treasury Auction Calendar

BoC Data Watch

EZ/UK T-Bill Calendar: 26-Week GTB Auction on Wednesday

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

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

NZD Weaker Post RBNZ Decision to Hold, Press Conference To Follow

NZD
RBNZ has kept rates on hold at 5.50% for the fifth meeting, in line with market expectation. We now await the press conference to come in about 40 minutes.
  • NZD/USD is seeing selling pressure post RBNZ keeping rates on hold, breaking below initial and first resistance levels and now eyeing a move to the Feb 19 lows at 0.6119. We currently trade at 0.6125, a test of the Feb 19 lows would signal another left down to 0.6100 ( lows Feb 13).
  • A topside reversal although unlikely would be likely be limited as NZ$809m of option strikes roll off at a strike on 0.6200 between now and March 4th
  • AUD/NZD is up 0.60% to 1.0672, reversing the most of the move lower over the past two weeks. The pair now trade just below the Feb 15 highs, a break above opens a test of the 1.0700 range a level we have been unable to hold above since early Feb. Australia also had CPI out earlier, missing estimates to come in at 3.4% vs 3.6%, there was little reaction.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.