Holding Early Gains, PSI Ticks Higher In September

NZD/USD prints at $0.5910/15, the pair is ~0.5% firmer this morning.

• Kiwi has held onto its early gains and is now consolidating above the $0.59 handle. The majority of Friday's losses have been erased.
• Bulls focus on the 20-Day EMA ($0.5952). Bears look to move below the $0.59 handle to target the YTD low at $0.5860.
• AUD/NZD is ~0.2% lower, however the cross remains well within recent ranges.
• Cross asset wise; e-minis are up ~0.3% and BBDXY is ~0.1% lower. 10 Year US Tsy Yields are down ~5bps.
• In September PSI ticked back into expansionary territory and sits at 50.7, the prior read was revised higher to 47.1 from 47.7.
• The local docket is empty for the remainder of the session leaving wider swings in risk sentiment as the main driver in NZD.