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Marginally Firmer, Ranges Narrow In Asia


NZD/USD prints at $0.6155/60, the pair is ~0.1% firmer today.

  • Kiwi firmed after another strong Yuan fix from the PBOC before paring gains to sit at current levels. Ranges have been narrow with ~20 pip range persisting.
  • Yesterday's highs remain intact thus far. General liquidity remains hampered by the Independence Day holiday.
  • AUD/NZD is little changed dealing in a narrow range see-sawing around the 200-Day EMA.
  • Cross asset flows are muted, BBDXY is a touch lower as are e-minis. US Tsy futures are little changed.
  • Trans-tasman flows will come to the fore with the RBA's latest monetary policy decision this afternoon which is the highlight of today's Asian session.

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