MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

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

Recent Gains Trimmed On Wednesday, Food Prices On Tap

NZD

NZD/USD prints at $0.6020/25, the pair fell ~0.4% on Wednesday.

  • Recent gains were trimmed yesterday, Kiwi printed a 2-month high before ticking lower as marginally higher front end US Tsy Yields supported the USD. Oil was pressured, WTI fell ~3%.
  • NZD/USD found support ahead of the $0.60 handle and sits ~2.5% above the low from the 4 Oct.
  • Bulls look to break the high from 11 Oct ($0.6056) which opens the $0.61 handle and the 200-Day EMA which comes in at $0.6115. Bears look to breach the 20-Day EMA ($0.5973) to target the YTD low ($0.5859) and $0.5728 a Fibonacci projection.
  • Comments from RBNZ Gov Orr have crossed from the bank's Annual Report, he notes that the OCR needs to stay restrictive for the foreseeable future and that the effects of tightening are flowing through as anticipated.
  • On tap shortly we have September Food Prices, there is no estimate and the prior read was 0.5% M/M. REINZ House Sales rose 5.1% Y/Y in September, the prior read was 9.2% Y/Y.
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.