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Firms, But Post RBNZ Highs Intact, Best Performer In The G10 Space

NZD

NZD/USD sits just off session highs in recent dealings, last near 0.6180 (session highs at 0.6182). We are below post RBNZ highs from yesterday (0.6208), but NZD has risen 0.35% in the first part of Thursday trade. Broadly weaker USD sentiment is helping (BBDXY off 0.11%), but NZD is the best performer within the G10 space at this stage.

  • A recovery in HK and China equity sentiment is likely helping at the margins (despite earlier PMI misses). US equity futures are also modestly higher.
  • Earlier data was positive, but the initial NZD reaction was muted.

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