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Modest Bid In Narrow Asian Trade, Outperforming G10

NZD

NZD/USD prints $0.5655, up 0.3% in narrow trade, as the NZD outperforms its G10 peers at the margin.

  • The USD is firmer against EUR and JPY, DXY around +0.2%, while e-minis are -0.1-0.2% lower, with that mix providing a lack of cohesive cross-market input.
  • NZD continues its recent outperformance against AUD, as AUD/NZD prints NZ$1.1155. The next target for NZD bulls is the 100-day EMA at $1.1144, with the recent uptrend increasingly under threat.
  • Upcoming Chinese inflation and trade data present the final Asia-Pac points of interest for the week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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