Free Trial

Support From Firmer Equities, Outperforming JPY & AUD

NZD

NZD/USD prints $0.6188, ~0.4% firmer in today's trade, and the strongest performer in G-10 space.

  • A bid in CNH and the Hang Seng has spilled over into a wider risk appetite generating demand for NZD, a moderation in covid case numbers and no escalation in Chinese social unrest as well as fresh support for the property sector announced yesterday are aiding the bid.
  • NZD/JPY is higher, back to 85.80, up ~0.2% for the session. AUD/NZD experienced selling interest at NZ$1.08 yesterday and has continued to hold below the handle (last 1.0780/85).
  • Wider swings in risk sentiment are likely to remain the main driver for NZD.

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.