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Moderately Pressured, Trims Monday's Gain

NZD

NZD/USD prints at $0.6330/35, the pair is down ~0.2% today.

  • The NZD has trimmed some of Monday's gains, the kiwi was the strongest performer in the G-10 space at the margins. Support has come in below $0.6330 and losses have been marginally pared.
  • AUD/NZD is ~0.1% firmer and has moved above the $1.07 handle. The pair continues to seesawing around $1.07 in a narrow range.
  • NZD/JPY has ticked lower, the pair is down ~0.2% after printing a fresh year to date high on Monday.
  • Apr Card Spending rose 1.0% M/M, the prior number was revised downwards to 2.3% M/M from 3.1% M/M. Retail Card Spending held steady in April at 0.7% M/M.
  • Cross asset wise, e-minis are down ~0.1% and commodity prices have eased with the Bloomberg Commodity Index down ~0.4%. BBDXY is up ~0.1%
  • Looking ahead we have April Food Prices On Thursday, April Manf. PMI and Q2 Inflation Expectations on Friday.
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