AUD/NZD last deals at NZ$1.0580, 8......>

AUSSIE-KIWI: AUD/NZD last deals at NZ$1.0580, 8 pips lower on the day. Early

Asia-Pac hours saw NZD supported by comments from RBNZ Gov Orr, who told NBR

that he is not "particularly worried" about a slowdown in NZ's economic growth.

Orr pointed to strong NZ labour mkt, fiscal position and terms of trade, but

also noted that the Bank has room for cutting interest rates, likely capping

NZD's gains.

- Elsewhere, NZ trade surplus widened to an eight-year high of NZ$922mn vs. the

prior NZ$12mn, beating exp. of NZ$131mn. NZ ANZ consumer confidence index also

climbed, printing at 123.2 vs. the previous 121.8.

- Focus turns to Australian PPI & terms of trade data, due at 0230BST/1130AEST.

- The pair is flirting with its 21-DMA at NZ$1.0586 at typing. Consolidation

below would expose the lower 1.0% 10-DMA envelope at NZ$1.0538. Meanwhile, a

break above the aforementioned 21-DMA would open up the psychological NZ$1.0600

level, breached yesterday.