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Marginally Pressured, Narrow Ranges Persisting On Monday

NZD

NZD/USD prints at $0.6275/80, the pair is down ~0.1% today.

  • A narrow $0.6265/90 range has persisted on Monday with little follow through on moves thus far. Friday's high at $0.6306 remains intact for now.
  • AUD/NZD has also observed a narrow range and is see-sawing around the $1.06 handle in muted trade. The pair printed a year to date low in Friday's NY session.
  • Cross asset wise; BBDXY is down ~0.1%, as are e-minis. US Tsys are firmer with 10 Year Yields down ~2bps.
  • Looking ahead on the wires early tomorrow we have the April ANZ Truckometer M/M, there is no estimate and the prior read was 2.7%.

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