MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: GERMANY NOV CPI +2.2% Y/Y

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

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Outperforms, RBNZ On Tap

NZD

NZD/USD prints $0.6155, the pair was ~0.9% firmer in Tuesday's Trading.

  • Kiwi outperformed yesterday with only NOK stronger in the G-10 space as equities and bonds rallied as a risk-on tone developed. NZD/USD firmed through the London session, finding resistance at $0.6160, before settling into a $0.6140/55 range.
  • The S&P500 closed at its highest level since 12 Sep, upbeat earning from retailers boosted sentiment, up ~1.4%. The USD snapped a three-day rally, DXY down ~0.6%.
  • OIS markets are pricing a ~69 bps hike in the OCR at today's RBNZ meeting. The Bloomberg consensus is for a 75 bps hike. 15 out 21 economists surveyed look for a 75bps hike, the remainder forecast a 50bps move. The terminal rate is now priced to peak at 5.17%.
  • Technically, bulls look to target the 200-day EMA at $0.6237. A break through there would open the way to the high from 12 Aug at $0.6468. Bears need to breach the 100-day EMA at $0.6027 to re-establish the downtrend.
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.