© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BIDEN SAYS PEOPLE'S SAVINGS ARE SECURE

MNI BRIEF: US Bank Deposits Fell USD98B Week Of SVB Collapse

MNI BRIEF: Data Not Justifying ECB Hike Beyond Expectations

EZ/UK Bond Supply Calendar: UK Long APF Sales on Monday

EZ/UK T-Bill Calendar: Germany & France to issue Monday

MNI DATA FORECASTS: EZ Inflation data in focus

MNI BRIEF: Yellen Says Americans' Deposits Are Safe

MNI BRIEF: Italy ESM Ratification Framed In EU’s Fiscal Debate

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Pressured On Risk-Off Flows

NZD
BulletMarketsForeign Exchange NewsHomepage

NZD/USD prints at $0.6469, down ~0.4% in yesterday's trading.

  • The pair firmed through the European session, spillover from a bid in EUR/USD weighed on the greenback, meeting resistance above $0.65.
  • Firmer US Yields pressured risk assets, with the USD advancing off session lows. NZD/USD fell ~0.7% from peak to trough, with support coming in ahead of $0.6460.
  • Cross asset flows showed a risk off tone. S&P500 fell 1.3% and the DXY rose ~0.3%. US 10-Year Treasury Yields were ~4bps firmer.
  • NZD/USD continues to consolidate, bulls look to break $0.6530 high from 18 Jan to re-establish the bullish trend. Bears first target 20-day EMA at $0.6422 to turn the tide.
  • There is a thin local data calendar today, wider swings in risk sentiment will be the main driver of NZD.
124 words

To read the full story

Why Subscribe to

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/USD prints at $0.6469, down ~0.4% in yesterday's trading.

  • The pair firmed through the European session, spillover from a bid in EUR/USD weighed on the greenback, meeting resistance above $0.65.
  • Firmer US Yields pressured risk assets, with the USD advancing off session lows. NZD/USD fell ~0.7% from peak to trough, with support coming in ahead of $0.6460.
  • Cross asset flows showed a risk off tone. S&P500 fell 1.3% and the DXY rose ~0.3%. US 10-Year Treasury Yields were ~4bps firmer.
  • NZD/USD continues to consolidate, bulls look to break $0.6530 high from 18 Jan to re-establish the bullish trend. Bears first target 20-day EMA at $0.6422 to turn the tide.
  • There is a thin local data calendar today, wider swings in risk sentiment will be the main driver of NZD.