- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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 AccessStabilises After Post-RBNZ Sell-Off
NZD/USD blipped higher in the immediate wake of the announcement of the RBNZ's monetary policy decision Wednesday, but retreated shortly thereafter and remained on the back foot through the rest of the day. The kiwi finished the day as the worst performer in G10 FX space, before stabilising this morning.
- The Reserve Bank raised the OCR by 25bp for the first time in seven years and signalled that further tightening is sight but refrained from providing any clear timetable. The OIS strip currently prices a ~90% chance of another 25bp hike in November.
- Dep PM Robertson told NZ Herald that officials are monitoring Covid-19 situation in Waikato, where new community cases were found outside of the area earlier placed at Alert Level 3. Robertson suggested that the boundary of the area could be extended if needed.
- NZD/USD last trades at $0.6915, little changed on the day. Should bears manage to force a break under yesterday's low of $0.6877, they could target Sep 29 & 30 lows, coinciding at $0.6860. Bulls look for a rebound above Oct 4 high of $0.6982.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.