Free Trial

Supported Below $0.62

NZD

NZD/USD prints at $0.6200/05, the pair is down ~0.1% this morning.

  • Pressure after a weaker than forecast Caixin PMI print saw NZD/USD fall below $0.62 however support in recent trade has seen the pair recover to deal a touch above the handle.
  • The pair remains well within recent ranges, and Monday's high remains intact for now.
  • AUD/NZD is dealing in a narrow range above the $1.08 handle.
  • Building Permits rose 3.5% M/M in June, the May number was revised lower to -2.3% M/M.
  • Trans-Tasman flows are now in focus with the RBA's latest monetary policy decision due at at 1230HKT/1430AEST, and will be a close call between the cash rate remaining unchanged and a 25bp increase.

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.