February 07, 2023 01:48 GMT
Firmer On Risk Flows
NZD/USD prints at $0.6315/20, ~0.2% higher in today's trading.
- A recovery in risk sentiment has seen NZD/USD firm early in the Asian session. The pair sits just off session highs.
- AUD/NZD is little changed today, the cross is holding a touch above its 200-day EMA.
- Cross asset flows are showing a risk-on tone, e-minis are ~0.2% firmer and BBDXY is down ~0.1%. US 10 Year Treasury Yields are ~2bps lower.
- Trans-Tasman flows are in focus, with the RBA expected to raise the cash rate 25bps at today's meeting. The focus is likely to be on the tone of the statement and indications of how the RBA's economic forecasts may have evolved. AUD/NZD flows may come to the fore.