MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

NZDUSD Makes Fresh 5 Week Highs, Eyes Turn to US Data

NZD

NZD strengthened post-Asian session, emerging as a top G10 performer, up 0.29% and second only to SEK. Broader USD weakness during the US session contributed to NZD reaching fresh monthly highs, with BBDXY down by 0.10%.

  • NZDUSD experienced a positive day, breaking above initial resistance at 0.6160 to reach 0.6191, 5 week highs. However, it lost some momentum by the end of the day, closing at 0.6163. Weaker US equity trends coincided with the USD finding some support, which helped trim NZD gains. The current spot is above the 20 and 50-day EMAs at 0.6125/0.6135.
  • AUDNZD continued its downward trend after the Asia session on Tuesday, touching a low of 1.0614. It closed the day just off those lows at 1.0623, down 0.11%.
  • Support for AUDNZD holds at 1.0600, the yearly lows from February 9th. The 20 and 50-day EMAs are at 1.0690/1.0730.
  • Fonterra GDT price index rose 0.5% overnight, with Whole Milk Powder falling to $3,388 from $3,463 per ton. NZ 4Q PPI data released showed PPI output rising 0.7% vs. 0.8% previously, and PPI Input rose 0.9% vs. 1.2% previously.
  • On Wednesday, NZ Finance Minister Nicola Willis challenged the perception of the country's low net debt position, emphasizing the vulnerability of New Zealand's small, exposed trading economy to shocks, advocating for a conservative debt position.
  • Looking ahead, focus will be on AU WBC Leading Index and Wage Price Index, as well as US FOMC minutes, Job Claims, and Existing Home Sales.
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.