MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: Fed In No Hurry, Cuts Likely Over Medium-Term - Jefferson

MNI CNB WATCH: Steer Means 25Bps Cut To 3.75% "Very Likely"

MNI BRIEF: US Treasury Lowers Q1 Borrowing Estimate By $9B

MNI BRIEF: Fed's Bostic In Wait And See Mode On Rates

EZ/UK T-Bill Calendar: 3/6/12-Month EU-Bills Auction Wednesday

EZ/UK Bond Supply Calendar: Green Gilt Auction on Wednesday

EZ/UK Bond Supply Calendar: Green Gilt Auction on Wednesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD: NZD/USD Briefly Makes New Yearly Lows, Recovers To Closed Little Changed

NZD
USNew ZealandNorth AmericaBulletAPACForeign Exchange BulletsMarkets
  • The NZD/USD saw a v shaped recovering on Monday, after initially making new yearly lows of 0.5516 a huge 2.20% fall, before recovering a large portion of the losses, as positive headlines comes out of Canada/US this morning the NZD is rallying last trading at 0.5625 to now trade little changed from Friday's close
  • Trump has been on the phone to leaders of each country over the past 24 hours, he has now said the tariffs on Mexico wont go into effect after they agreed to send 10,000 troops to the boarder, and has said a call with Canada went "very well". Trudeau has since announced tariffs will be delayed for 30 days.
  • The kiwi made new yearly lows of 0.5515 on Monday, before a sharp recovery, a break back below this level would open a move to 0.5500 (2022 lows). Technical indicators remain bearish with the MACD printing red bars, while the RSI indicator is now at 41. Resistance is 0.5710 (50-day EMA)
  • Auckland’s housing market saw mixed trends in January. The average price fell 11% m/m to NZ$1.05m but remained up 2.8% y/y, while the median price dropped 5% m/m and 1.7% y/y. Sales declined to 700 from 833 in December, though they were up 39% y/y. New listings surged to 1,361 (vs. 780 in December), and total stock rose to 5,383, the highest January level since 2021. Managing Director Peter Thompson called the 700 sales a “solid start” despite the holiday period. New Zealand’s number of new dwellings consented in December fell to 2,702 units from 2,862 in November.
  • No large nearby strikes Tuesday, upcoming notable strikes: 0.5525 (NZD680m Feb. 6), 0.5395 (NZD471.2m Feb. 6), 0.5700 (NZD379.1m Feb. 5)
  • Calendar is empty for the remainder of the session, focus turning toemployment data tomorrow
291 words

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.
  • The NZD/USD saw a v shaped recovering on Monday, after initially making new yearly lows of 0.5516 a huge 2.20% fall, before recovering a large portion of the losses, as positive headlines comes out of Canada/US this morning the NZD is rallying last trading at 0.5625 to now trade little changed from Friday's close
  • Trump has been on the phone to leaders of each country over the past 24 hours, he has now said the tariffs on Mexico wont go into effect after they agreed to send 10,000 troops to the boarder, and has said a call with Canada went "very well". Trudeau has since announced tariffs will be delayed for 30 days.
  • The kiwi made new yearly lows of 0.5515 on Monday, before a sharp recovery, a break back below this level would open a move to 0.5500 (2022 lows). Technical indicators remain bearish with the MACD printing red bars, while the RSI indicator is now at 41. Resistance is 0.5710 (50-day EMA)
  • Auckland’s housing market saw mixed trends in January. The average price fell 11% m/m to NZ$1.05m but remained up 2.8% y/y, while the median price dropped 5% m/m and 1.7% y/y. Sales declined to 700 from 833 in December, though they were up 39% y/y. New listings surged to 1,361 (vs. 780 in December), and total stock rose to 5,383, the highest January level since 2021. Managing Director Peter Thompson called the 700 sales a “solid start” despite the holiday period. New Zealand’s number of new dwellings consented in December fell to 2,702 units from 2,862 in November.
  • No large nearby strikes Tuesday, upcoming notable strikes: 0.5525 (NZD680m Feb. 6), 0.5395 (NZD471.2m Feb. 6), 0.5700 (NZD379.1m Feb. 5)
  • Calendar is empty for the remainder of the session, focus turning toemployment data tomorrow