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Marginally Pressured, AUD/NZD Above $1.07

NZD

NZD/USD prints at $0.6170/75, the pair is ~0.1% softer today.

  • A narrow $0.6170/90 range has been observed for the most part today, moves have had little follow through thus far.
  • AUD/NZD is dealing above the $1.07 handle having briefly broken below on Friday. Bears look to target year to date lows at $1.0588.
  • Cross asset wise; US equity futures are a touch softer and BBDXY is up ~0.1%.
  • A thin calendar and reduced liquidity, as China and Hong Kong are closed, will mean wider swings in risk sentiment will be the main driver of NZD today.

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