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Kiwi In Retreat, Decision On Auckland Border Eyed


NZD/USD turned its tail on Tuesday amid solid demand for the greenback, which outperformed most of its G10 peers. Upbeat economic data released out of the U.S. lent support to the USD, while Antipodean currencies were among the worst performers.

  • PM Ardern is set to unveil the Cabinet's decision on reopening Auckland's border as soon as at the top of the hour.
  • Looking further afield, the RBNZ will publish their Q4 Survey of Expectations this Thursday. The main focus will fall on inflation expectations, which may inform the Reserve Bank's monetary policy decision next week.
  • NZD/USD last trades at $0.6987, a handful of pips lower on the day, hovering just above a fresh one-month low printed yesterday. A slide past Oct 6 low of $0.6877 would shift focus to $0.6860, which limited losses on Sep 29 & 30. Bulls look for a rebound above Nov 15 high of $0.7081 towards the 200-DMA at $0.7094.

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