AUD/NZD sits a handful of pips higher...>

AUSSIE-KIWI: AUD/NZD sits a handful of pips higher at NZ$1.0349. Both Antipodean

currencies struggle against their G10 peers amid a risk-off reaction to Iran's

attack on a U.S.-Iraqi military base, with NZD leading losses in the basket.

- The rate printed a fresh 5-month low yesterday amid as participants dumped

AUD, amid broader caution & local developments. Worry about the fallout of

Australia's bushfires dented the currency, as weak ANZ job ads & weekly consumer

confidence warned against economic consequences of the natural disaster.

- On the other side of the Tasman, there seemed to be little follow through from

a fairly solid GDT auction, which saw headline price index & whole milk powder

prices advance.

- The focus today turns to Australian building approvals & job vacancies data,

due at the bottom of the hour.

- Bears look for a dip through the psychological NZ$1.0300 level, which would

allow them to focus on the low of 2019 at NZ$1.0265, touched on Aug 6. Bulls

would like to see a bounce above the Dec 18 low of NZ$1.0367 towards the

NZ$1.0400 mark.