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Equities are extending through new session high.

CROSS ASSET
  • Worth keeping and eye on the USD, with Equities hedging higher, and moving to the opposite direction to Govies, with Equity expiry potentially at play.
  • USD test session low against CHF, CNH, GBP.
  • EURUSD is slowly moving towards the session high.
  • NZDUSD test session high, with the Kiwi the best performer against the USD, up 0.70%, and up 1.06% in the past 5 days.
  • Market participants are looking forward to the RNBZ next Wednesday, when a 75bps HIKE to 4.25% is expected.
  • The Kiwi is in green across the board.
  • Next resistance in NZDUSD will be seen at 0.6203, the November high, and highest print since late August.

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