Kiwi crosses have ticked higher ahead of NZ....>

KIWI: Kiwi crosses have ticked higher ahead of NZ CPI data, due at 2345BST. The

RBNZ's sectoral inflation model will follow at 0400BST.

- On Tuesday, RBNZ Gov Orr told RTRS that the central bank's recent easing bias

remains in place, as the RBNZ observes economic data. This came after Orr spoke

with BBG last week, noting that the Bank remains data-dependent, and it's hard

to say if a rate cut in May is on the table.

- NZD/USD last trades at $0.6770. Tuesday saw the pair slide post-Tokyo fix, as

the latest RBA MonPol meeting minutes were read as marginally dovish, while

subsequent guarded comments from RBNZ Gov Orr allowed the pair to touch its

intraday low of $0.6741. The rate erased its earlier losses into the U.S.

session, but faded to the NY low, as whole milk powder prices declined in the

latest GDT auction. Recovery towards the close allowed the pair to finish unch.

- Bulls look to the psychological $0.6800 level, which capped gains on Apr 3 &

Apr 4. Above here opens the 100-DMA/50-DMA at $0.6806/10. Conversely, a breach

of the 200-DMA at $0.6733 would expose Friday's monthly low of $0.6714.

- A batch of Chinese data, due at 0300BST, will also provide interest today.