Free Trial

Ticking Lower, RBNZ Inflation Expectations Due

NZD

NZD/USD prints at $0.5925/30, the pair is ~0.1% lower this morning.

  • Kiwi has ticked lower through todays session, however ranges remain narrow and yesterday's low remains intact. Oil has nudged lower weighing on sentiment in the Commodity FX space. Domestic news flow has been light today.
  • Bulls look to break the $0.60 handle which opens the high from 10 Oct at $0.6049 and the 200-Day EMA ($0.6072). Bears focus is on the 20-Day EMA ($0.5900) and YTD lows at $0.5774.
  • Cross asset wise; BBDXY is a touch firmer and WTI is down ~0.5%. US Equity futures are softer however only marginally so.
  • At the top of the hour we have the RBNZ's Q4 Inflation Expectations due, there is no estimate and the prior read was 2.83%.

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.