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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
NZD/USD prints at $0.6330/35, ~0.4% softer from yesterday's closing levels.
- The pair fell ~0.5% from peak to trough in the immediate aftermath of the inflation expectations release, the 50-day EMA is at $0.6336 a break through here opens the 200-day EMA at $0.6296.
- 2-Year inflation expectations QoQ rose 3.3%, a moderation from the fresh cycle highs observed last quarter at 3.62%. However, the survey does show that wage growth expectations remain elevated (see this link for more details).
- The moderation in inflation expectations may weigh on NZ yields, see chart below.
Fig 1: 2-Year Inflation Expectations vs NZ 2-Year Swap
Source: Market News International (MNI)/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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