May 17, 2023 22:55 GMT
Marginally Pressured, PPI Falls In Q1
Kiwi is marginally pressured as PPI fell in Q1, Input Q/Q printed at 0.2% the prior read was 0.5% and Output M/M printed at 0.3% the prior was 0.9%.
- NZD/USD prints at $0.6240/45 down ~0.1%. We sit on the 20-Day EMA ($0.6244) which the pair has see-sawed around in recent dealing.
- AUD/NZD is ~0.1% higher, last printing at $1.0665/75. We remain well within recent ranges.