S&P also noted that the NZ current account deficit is "much wider" than expected, and that they will look closely at the NZ Government budget in May.
NZD/USD prints at $0.6240/45, down from a session high of $0.6265 just ahead of the 200-Day EMA at $6267.
AUD/NZD is ~0.2% firmer, lasting printing at $1.0730/40 up from session lows at $1.0705.

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NZD has moderated gains in recent dealing as S&P have flagged that New Zealand's credit rating could come under pressure, link here.

S&P also noted that the NZ current account deficit is "much wider" than expected, and that they will look closely at the NZ Government budget in May.
NZD/USD prints at $0.6240/45, down from a session high of $0.6265 just ahead of the 200-Day EMA at $6267.
AUD/NZD is ~0.2% firmer, lasting printing at $1.0730/40 up from session lows at $1.0705.

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Moderates Gains, S&P Say NZ Credit Ratings Could Come Under Pressure