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

Pressured On Wednesday, ANZ Business Survey On Tap

NZD

NZD/USD prints at $0.6115/20, the pair fell ~0.3% yesterday.

  • The pair was pressured through the NY session as concerns about US regional banks continued. S&P500 fell ~0.4% as FDIC considered lowering First Republics rating a move which may curb access to the Federal Reserve's lending facilities.
  • NZD/USD fell ~0.5% from peak to trough, with support coming in ahead of $0.6110.
  • Technically we remain in a downtrend, bears target low from 8 March at $0.6085 which opens up $0.5978 a Fibonacci projection. Bulls first look to break the 20-Day EMA ($0.6196) to turn the tide.
  • AUD/NZD was unable to sustain its break of the 20-Day EMA ($1.0797) yesterday, the pair is consolidating below the $1.08 handle.
  • On the wires this morning we have the April ANZ Business Survey. There is no estimate for either print, the prior reads were -8.5 (Activity Outlook) and -43.4 (Business Confidence)
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.