Free Trial

Supported Below $0.59

NZD

NZD/USD prints at $0.5900/05, the pair is ~0.4% lower today.

  • Early pressure, after the CPI print this morning, has persisted through the session this morning. NZD/USD has been supported below the $0.59 handle and sits a touch above the handle at typing.
  • AUD/NZD has extended gains above the 20-Day EMA ($1.0723) and sits at a 2 week high.
  • ANZ Bank now expect a rate hike in the OCR in February, revising their call for a November hike.
  • Cross asset wise there is a mild risk off tone; US Tsy Yields and the USD are a touch higher and e-minis are lower.
  • A thin docket for the remainder of today's session leaves wider swings in risk sentiment as the main driver in 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.