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Firms Through 20-Day EMA

NZD

NZD/USD prints at $0.6220/25, ~0.4% firmer in todays trading.

  • The pair has firmed through the Asian session as regional equities advance, the Hang Seng is up ~0.6%, and US Tsys come off session lows.
  • NZD/USD is trading above the 20-Day EMA ($0.6210), the 200-Day EMA at 0.6275 is the next upside target for bulls.
  • RBNZ Chief Economist Conway will speak on inflation on March 23. He will explain why inflation is so high, the factors affecting the inflation out and what the MPC is doing about it.
  • Cross asset wise; 2-Year US Treasury Yields are ~3bps firmer, bonds have pared losses as the yield was as much as 9bps higher this morning. BBDXY is down ~0.2%.
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