Kiwi Edges Higher In Morning Trade, Inflation Expectations Data Eyed

NZD/USD has added a handful of pips this morning, trying to retrace at least some of last Friday's downswing, which underpinned a swing back to a weekly loss. The dip was driven by post-NFP demand for the greenback, as U.S. employers added more than twice as many jobs as projected in a Bloomberg survey of analysts.

• The rate deals at $0.6239 as we type. Bulls need a move through Aug 1 high of $0.6353 before setting their sights on Jun 16 high of $0.6396. Conversely, a key near-term support is provided by Jul 14 low of $0.6061.
• The RBNZ will release its Survey of Expectations today, one of the final notable data signals before the next monetary policy review. The survey is based on responses from forecasters, economists and industry leaders and is separate from household inflation expectations, which will cross the wires on Friday.