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Firms As Sentiment Improves In Asia

NZD

NZD/USD prints at $0.5960/65, the pair is up ~0.3%.

  • Kiwi has been bid for much of this morning's Asian session; firmer US Equity Futures, lower US Tsy Yields and another strong Yuan fixing by the PBOC have aided risk sentiment in the Asian session.
  • NZD/USD does remain within recent ranges as Tuesday's high remains intact for now. Bulls look to break $0.5970 to target the $0.60 handle and the 20-Day EMA ($0.6039).
  • AUD/NZD is a touch higher however the cross continues to see-saw around $1.08 in narrow ranges.
  • Cross assets; e-minis are up ~0.3% and 10 Year US Tsy Yields are down ~3bps. BBDXY is ~0.1% lower.
  • A thin docket for the remainder of the session leaves wider swings in risk sentiment as the main driver in NZD.
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