Trial now
AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

RBNZ
RBNZ: VIEW: ASB note that "the RBNZ's OCR Review statement was pretty much in
line with what we expected: no change to policy settings; a better near-term
picture; but tempered by an outlook that is still highly uncertain with the
risks still skewed to a weaker than anticipated economic outlook. The RBNZ
forecasts will get updated in August. We remain more cautious than the RBNZ
about the pace of longer-term recovery. We also expect monetary stimulus will
endure for longer than the RBNZ's May forecasts implied. Importantly, the RBNZ
has continued to reiterate that it is prepared to do more stimulus if needed and
is working on getting the monetary tool kit fleshed out. The statement had a
dovish tinge to it through the Monetary Policy Committee's discussion of the
merits of expanding its asset purchase programme...Our view is that a negative
OCR is still probably towards the back of the pack in terms of these additional
tools, with an expansion in the LSAP and a term lending facility ranking
higher."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com