Free Trial

NZDUSD is being sold on any rally as its.......>

KIWI
KIWI: NZDUSD is being sold on any rally as its downtrend continues. The pair
trades at 0.6572, with yesterday's low coming in at 0.6557. Bulls need to break
above yesterday's high of 0.6595 to gain some breathing room and prevent the
decline gaining momentum.
- NZDUSD weakness is being driven by broad-based dollar strength, with NZDJPY a
touch off its lows as USDJPY gets a slight bid.
- The 2-week correlation between AUDUSD and NZDUSD has risen back up to 0.86 as
headline risk surrounding EM dominates FX markets. 

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.