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Consolidating Post-CPI Gains

NZD

NZD/USD prints at $0.6310/15, the pair is ~0.3% higher today.

  • Kiwi is consolidating post-CPI gains, rising above the $0.63 as firmer regional equities boost risk sentiment in Asia.
  • NZD/USD sits above Wednesday's high, bulls now target the high from 11 May ($0.6385).
  • AUD/NZD is down ~0.2%, however the cross remains within recent ranges.
  • Cross asset wise; Hang Seng is up ~2% and e-minis are ~0.2% firmer. BBDXY is little changed from opening levels.
  • Looking ahead; the next local data of note is Wednesday's Q2 CPI print. A rise of 0.9% Q/Q is expected in the headline figure.

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