Free Trial

The flightless bird opens in Asia at $0.7257...>

KIWI
KIWI: The flightless bird opens in Asia at $0.7257 toward the middle of the
$0.7218 to $0.7299 range witness yesterday, where risk-aversion selling pressure
seen in Asia was unwound by European and US markets leaving the kiwi slightly
firmer from yesterday's open. Locally, NZ building approvals for July at 2245GMT
and a speech by outgoing RBNZ Governor Wheeler at 0130GMT provide the event risk
for the session. Resistance remains at $0.7303 (76.4% $0.7337-$0.7192 decline),
while hourly support is located at $0.7243.

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.