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Marginally Pressured, Thursday's Lows Intact

NZD

NZD/USD prints at $0.6220/25, the pair is ~0.2% lower today.

  • Weaker regional equities in the early part of the Asian session weighed on risk sentiment, NZD/USD was supported below $0.6220 and losses were marginally pared.
  • NZD is holding softer despite a recovery off session lows in regional equities and US equity futures.
  • AUD/NZD is a touch firmer but the cross is holding below $1.09 for now.
  • Cross asset wise; e-minis have pared an early ~0.2% loss to sit ~0.1% firmer. The Hang Seng is ~0.2% firmer. US Tsy Yields are a touch lower across the curve.
  • Looking ahead, the next data of note is Mondays June Trade Balance, there is no estimate for the print and the prior read was a small surplus of $46mn.
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