Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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 Access

Tepid Recovery


NZD/USD followed a similar patter to AUD but failed to recover to the same extent as its Antipodean counterpart. The pair fell as low as 0.7209 before recovering to close at 0.7239, last down 6 pips at 0.7233.

  • Data earlier in the session showed New Zealand 10-month budget deficit NZD 5.05bn, some NZD 3.57bn smaller than forecast.
  • A quiet domestic economic docket today, ANZ Commodity Price Index for May to be released at 0200BST/1100AEST.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.