MNI INTERVIEW2: Austria In Good Position To Avoid EDP - Kocher

MNI BRIEF: German Growth Stuck At 0.3% For Years To Come - IWH

MNI China Daily Summary: Thursday, January 16

MNI BRIEF: China Shipbuilding Up 13.8% In 2024

MNI: PBOC Net Injects CNY336.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1881 Thurs; -2.18% Y/Y

MNI: US JAN PHILADELPHIA FED MFG INDEX 44.3

MNI:US DEC RETAIL SALES +0.4%; EX-MOTOR VEH +0.4%

US DEC RETAIL SALES $729.2B VS NOV $725.9B

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

NZD: NZD/USD Climbs For Third Straight Session

NZD
USNew ZealandNorth AmericaBulletAPACForeign Exchange BulletsMarkets
  • The NZD/USD has risen for the third straight session on Wednesday, up 0.21% to 0.5616, although still trades below the 20-day EMA. The RSI rose to 42, showing improving sentiment but remaining in negative territory, while the MACD histogram indicated a fragile recovery with decreasing green bars. A sustained hold above 0.5600 could target resistance at 0.5650 and 0.5700, while a drop below 0.5580 risks a retest of 0.5550 or lower. Market sentiment remains cautious despite signs of momentum shifting upward.
  • New Zealand’s food prices rose 0.1% from a month earlier in December
  • In December, Statistics NZ reported rising costs for airfares, fuel, and food. International airfares surged 30%, while domestic fares rose 0.3%. Food prices increased slightly by 0.1%, with petrol and diesel up 1.5% and 2.6%, respectively. Alcohol and cigarettes/tobacco declined by 1.1% and 0.1%, while accommodation service prices dropped 4.6%.
  • The NZ-US 2yr swap was little changed on Wednesday closing at -72bps. On Friday it hit a new yearly lows of -95.5bps just off all time lows of -100bps
  • Expiries 0.5885 (NZD453.7m), 0.6300 (NZD381m), 0.5555 (NZD311.8m) Upcoming notable strikes: 0.6050 (NZD348.2m Jan. 21), 0.5660 (NZD328.6m Jan. 21)
  • The data calendar is empty for the remainder of the session
196 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 has risen for the third straight session on Wednesday, up 0.21% to 0.5616, although still trades below the 20-day EMA. The RSI rose to 42, showing improving sentiment but remaining in negative territory, while the MACD histogram indicated a fragile recovery with decreasing green bars. A sustained hold above 0.5600 could target resistance at 0.5650 and 0.5700, while a drop below 0.5580 risks a retest of 0.5550 or lower. Market sentiment remains cautious despite signs of momentum shifting upward.
  • New Zealand’s food prices rose 0.1% from a month earlier in December
  • In December, Statistics NZ reported rising costs for airfares, fuel, and food. International airfares surged 30%, while domestic fares rose 0.3%. Food prices increased slightly by 0.1%, with petrol and diesel up 1.5% and 2.6%, respectively. Alcohol and cigarettes/tobacco declined by 1.1% and 0.1%, while accommodation service prices dropped 4.6%.
  • The NZ-US 2yr swap was little changed on Wednesday closing at -72bps. On Friday it hit a new yearly lows of -95.5bps just off all time lows of -100bps
  • Expiries 0.5885 (NZD453.7m), 0.6300 (NZD381m), 0.5555 (NZD311.8m) Upcoming notable strikes: 0.6050 (NZD348.2m Jan. 21), 0.5660 (NZD328.6m Jan. 21)
  • The data calendar is empty for the remainder of the session