CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

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

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

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

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

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 Trades Higher Ahead Of Us Payrolls

NZD

NZDUSD has continued its move higher, after breaking out of the 0.6130/0.6145 range it held for the second half of the US Thursday trading day, to be trading at 0.6150/55 up 0.15% for the day. Highs rest at 0.6158.

  • NZD/USD has been range bound in recent weeks, however we got to 0.6175 earlier this week and dips sub 0.6100 were supported through Thursday trade. Today's move higher has been aided by the positive risk appetite emanating from the equity space.
  • Note the 20 and 50 day EMAs sits close to 0.6150, so if we can close above these levels later today in NY it will improve the technical backdrop.
  • AUD/NZD continues to trade near 2024 lows of 1.070 however slightly off the those of this morning after better than expected PPI data (4.1% vs 3.8% prev) currently trading at 1.0717, the pair has now had three failed attempts recently to break these lows, but a fresh break below this level could see Dec lows near 1.0655 targeted, while Oct lows rest at 1.0624.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.