Free Trial

One of the large NZ bank's NY sales desks......>

KIWI
KIWI: One of the large NZ bank's NY sales desks reported "NZD option flow above
average with demand for calls for the end of November, after the RBNZ's meeting.
This might suggest that even as the fundamental picture for the NZD has improved
- with reduced global growth risks and higher commodity prices - the NZD might
just continue to track sideways until the RBNZ meeting is out of the way. One
could imagine a mild fall for the NZD on the day if the RBNZ delivers a
(possible) final rate cut before buyers return and drive the NZD higher towards
a fairer value."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.