Free Trial
AUSSIE BONDS

Dragged Away From Highs On Wider Cheapening

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

The flightless bird opened in Asia at the......>

KIWI
KIWI: The flightless bird opened in Asia at the upper side of the $0.6932 to
$0.7028 range witnessed yesterday, where weaker than expected US inflation data
and a FOMC that was deemed on the dovish side, placed the greenback on the
defensive. There is no domestic data to influence direction, but cross flow
(aussie-kiwi) is likely following the Aussie jobs data. Interestingly, the rally
has stopped just shy of decent resistance, $0.7030/37 marks the 38.2% fib
retracement on the $0.7433 to $0.6781 decline and Oct20 high, a break would
target a move to $0.7107 (50% fib on the same move), while hourly support is
seen around $0.6980. Kiwi was last at $0.7024.

To read the full story

Why Subscribe to

MarketNews.com

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.