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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.
NZD
- Kiwi is now the worst performer in G10 versus the USD, overtaking the CAD.
- The currency was under pressure overnight, but just down 0.18% so far today.
- The pair (NZDUSD) still printed lowest level since November 2020 overnight.
- A break below today's session low at 0.6727 opens to 0.6703, the 38.2% retrace of the March 2020/February 2021 rally.
- Overnight saw RBNZ Gov Orr not really offering any new insights in his latest address, noting that the OCR will likely move above its neutral level at some point.
- The DMO cut their bond issuance plans for the next four years, after the Treasury showed some improvement in their debt outlook.
- USD is seeing some continuation buying, testing another session high against the CAD and NOK.
- Cable has pared some of the earlier gains, to trade back closer to mid range, now at 1.3252.
Chart source: Bloomberg
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.
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