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Marginally Pressured In Asia

NZD

NZD/USD prints at $0.6155/60, the pair is ~0.2% lower in Asia today.

  • The kiwi is marginally pressured today as a bid in USD/JPY spillover into mild USD strength and lower regional equities weigh on risk sentiment.
  • NZD/USD remains well within the July range with moves having little follow through thus far.
  • AUD/NZD briefly dealt below $1.09 in early dealing however the pair is now sitting ~0.1% firmer.
  • Jun Trade Balance was on the wires early this morning printing a small surplus of $9mn, the 12mth YTD Trade Balance has narrowed to a deficit of $15.98bn.
  • Cross asset wise; BBDXY is a touch firmer and the Hang Seng is ~1% lower. US Tsy Yields are a touch firmer.
  • A thin docket for the remainder of the session leaves wider swings in risk sentiment as the main driver in NZD.

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