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Narrow Ranges In Asia

NZD

NZD/USD prints at $0.5820/25 the pair is little changed from opening levels.

  • Kiwi has observed narrow ranges in Asia today with little follow through on moves, a $0.5820/30 range has persisted for the most part.
  • AUD/NZD has ticked higher, the pair continues to consolidate between the 200-Day EMA and the $1.09 handle.
  • Cross assets; US Equity futures have trimmed yesterday's losses, e-minis are up ~0.5%. US Tsy Yields are ~2bps firmer across the curve.
  • A thin docket today leaves wider swings in risk sentiment as the main driver in NZD.

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