Free Trial

VIEW: ANZ note that the "Kiwi is basking in....>

KIWI
KIWI: VIEW: ANZ note that the "Kiwi is basking in the wave of risk-on euphoria
that has swept across markets this week, surging through resistance at $0.6170
and powering through $0.6200, widening the 10-day trading range to a tad over 3
cents. As long as the euphoria lasts, NZD will remain bid, but as we noted
yesterday, a lot of good news is now priced in and NZD will be under pressure if
the mood changes. Long term we're concerned about global unemployment, slowing
growth and the income shock of that."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.