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Consolidating In Narrow Range

NZD

NZD/USD prints at $0.5925/30, the pair is little changed from opening levels.

  • Kiwi is consolidating gains seen in yesterday's NY session, dealing in a narrow range in Asia.
  • NZD/USD has ticked away from session highs as regional equities unwind gains seen after the PBOC Yuan fix.
  • AUD/NZD continues to sit a touch above the $1.08 handle as narrow ranges persist.
  • NZ's Treasury has noted that economic activity is slowing as expected. Household spending is under pressure from higher rates.
  • A thin regional docket leaves wider swings in risk sentiment as the main driver in NZD.

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