Free Trial

Trims Tuesday's Gains


NZD/USD prints at $0.5950/55, the pair is ~0.3% lower in Asia.

  • Kiwi has trimmed Tuesday's gains through today's Asian session with losses extending after spillover from a weaker than forecast CPI print in Australia.
  • Bears look to break the low from 25 Aug ($0.5886) which opens $0.5841 (low from 10 Nov 22) and $0.5762, a Fibonacci projection.
  • AUD/NZD continues to consolidate in a narrow range above the 200-Day EMA ($1.0839).
  • The RBNZ sold a net of $4bn NZD to build its reserves of foreign currencies. The Reserve Bank sold a net NZ$3.96 billion, according to data posted on its website, the largest sale in records dating to 2004.
  • A thin docket for the remainder of the Asian session leaves wider swings in risk sentiment as the main driver of NZD.

To read the full story



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.