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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.
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Free AccessThe kiwi has ticked lower vs. its G10 peers....>
KIWI: The kiwi has ticked lower vs. its G10 peers and marginally underperforms
at typing, ahead of the MonPol decision from the RBNZ, due later today. NZD/USD
last sits at $0.6597, 7 pips lower on the day.
- Bears look for a dip through the Apr 25 4-month low of $0.6580 & the Jan 3
flash-crash YTD low of $0.6575 to uphold the downside momentum. Conversely,
bulls target the downtrend resistance, which comes in at $0.6636.
- NZD/USD remained limited for the bulk of yesterday's Asia-Pac session, as
worries re: the state of U.S.-China trade talks applied weight to the pair. The
rate then spiked to its intraday high of $0.6630 after the RBA left its cash
rate unchanged, but gradually faded into negative territory, as U.S.-China trade
war matters returned to the fore.
- Worth noting the latest NZ quarterly 2-year inflation expectation edged lower
to +2.01% from the prior +2.02%.
- All eyes are on the RBNZ, with the MonPol decision & the accompanying presser
with RBNZ Gov Orr coming up at 0300BST & 0400BST respectively. For our preview
see https://emedia.marketnews.com/marketnewsintl/RBNZ_Preview_-_May_2019.pdf.
To read the full story
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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.