Free Trial

The New Zealand dollar took centre stage......>

FOREX
FOREX: The New Zealand dollar took centre stage during the Asia-Pacific session,
after rising to $0.7371 on a less dovish than anticipated RBNZ Monetary policy
statement, intervention talk from RBNZ Gov Wheeler then spooked market longs and
sent Kiwi down to $0.7300. Among other comments, Wheeler said, the RBNZ had
intervened in the past and intervention was always possible. Kiwi was last at
$0.7304. Aussie-dollar followed its Tasman's neighbour lower in sympathy, the
rate easing from $0.7911 to $0.7871. Regional equities, with all major bourses
in negative territory also weighed on risk-sentiment. Aussie was last at
$0.7873. Dollar-yen carved out a Y109.90 to Y110.18 range, last at Y110.00.
Meanwhile, Euro-dollar dropped from $1.1770 to $1.1738, the move guided lower by
supply in euro-yen. Euro was last at $1.1740. 

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.