MNI: Japanese Govt Keeps Econ View, Ups Imports, Manufacturing

MNI: End Of Deflation, Zero Lower Bound In Sight - BOJ's Uchida

MNI: China CFETS Yuan Index Up 0.33% In Week of May 24

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1091 Mon; -2.80% Y/Y

EZ/UK Bond Supply Calendar: NE, IT and DE Auction Due Tuesday

EZ/UK T-Bill Calendar: Greece and Italy To Sell Bills Weds

MNI: BELGIUM MAY BNB BUSINESS SURVEY -11

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Robertson Says Inflation Peak Is Near, Musings On First NZ Omicron Case In Focus

NZD

Only broad-based greenback weakness allowed NZD/USD to creep higher Thursday, as a risk-off tone sapped strength from the kiwi. The DXY extended its post-FOMC rout amid a slide in U.S. Tsy yields.

  • The rate last sits at $0.6794, 6 pips shy of opening levels. A deeper sell-off past Dec 15 low of $0.6702 would reinstate broader bearish momentum. Bulls look to renewed gains past Dec 1 high of $0.6868.
  • Director-General of Health Bloomfield told RNZ that it's not inevitable that Omicron will leak into the community, after New Zealand found a case in a managed quarantine facility in Christchurch. Bloomfield will speak to ministers today about accelerating the rollout of booster jabs.
  • FinMin Robertson struck a more cautious note today, as he warned that Omicron could ripple through to New Zealand. However, he added that the economy remains resilient and could be approaching peak inflation.
  • Monthly ANZ Business Confidence headlines the local data docket today. Looking further afield, next week's highlights include Westpac Consumer Confidence & trade balance (Monday), credit card spending (Tuesday) and ANZ Consumer Confidence (Wednesday).
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.