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Marginally Pressured, Ranges Narrow In Asia

NZD

NZD/USD prints at $0.6070/75, the pair is ~0.1% lower than opening levels.

  • The pair has been marginally pressured in recent dealing, mild risk off flows have seen the Yen and USD advance whilst US Equity futures have retreated from session highs.
  • NZD/USD met resistance ahead of $0.6090, however ranges do remain narrow as moves have had little follow through thus far.
  • AUD/NZD sits little changed, the pair is consolidating below $1.10.
  • Cross asset wise; e-minis are flat having been marginally firmer in early dealing. BBDXY is also little changed.
  • Looking ahead on the wires tomorrow we have Q1 Manufacturing Activity, there is no estimate and the prior read was -0.4%Q/Q.

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