MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

Pressured On Friday, Retail Sales On Tap

NZD

NZD/USD prints at $0.6165, little changed in a muted start to the week's tradings.

  • The pair was pressured on Friday as US Yields rose after a stronger than expected PCE Deflator print. New sanctions Russia and US-Sino tensions over military aid also weighed on risk sentiment.
  • NZD/USD fell ~1.4% from peak to trough, printing its lowest level since late November.
  • Bears target $0.60, round number support. Bulls first look to break the 20-day EMA at $0.6281 to turn the tide.
  • Cross asset flows showed a risk off tone. 10 Year US Treasury Yields rose ~7bps, and DXY was ~0.6% firmer. S&P500 fell ~1%.
  • Q4 Retails Sales Ex Inflation will cross shortly. Despite significant monetary tightening and cost of living pressures the series is expected to rise 0.2%.
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.