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Firmer, Consolidating Thursdays Gains

NZD

NZD/USD prints at $0.6305/10 ~0.2% firmer in Fridays dealing.

  • The pair is consolidating yesterday's gains, however at this stage Thursdays highs remain intact. A break of $0.6314 opens up $0.6379 high from April 5 for bulls.
  • AUD/NZD is ~0.2% softer, last printing at $1.0750/60. The pair failed to break $1.08 yesterday and has ticked away from the handle through today's session.
  • Cross asset wise; BBDXY sits a touch above YtD lows seen in early Feb. 10 Year US Treasury Yields are ~1bp lower. Regional equities are firmer benefitting from the strong lead from Wall St.
  • Looking ahead on Monday March PSI and Food Prices will cross.

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