MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Pressured As US Treasury Yields Rise, Mfg Activity On Tap

NZD

NZD/USD prints at $0.6040/45, the pair fell ~0.7% on Wednesday.

  • US Treasury Yields rose as expectations for a further Fed rate hike in July weighed on bonds which boosted the greenback and weighed on risk sentiment.
  • NZD/USD had met resistance ahead of $0.61, falling ~1.1% from peak to trough, before finding support ahead of $0.6030 and marginally paring losses.
  • Bears look to target the low from May 31 at $0.5985, a break through here opens $0.5854 a Fibonacci projection. Bulls first look to break the 20-Day EMA ($0.6115) to turn the tide.
  • AUD/NZD printed its highest level since late February and is holding above the $1.10 handle in early trade.
  • Across assets; 10 Year US treasury Yields were ~13bps higher and S&P500 fell 0.4%. BBDXY was ~0.1% higher.
  • On the wires today we have Q1 Manufacturing Activity, there is no estimate and the prior read was -0.4% Q/Q.
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.