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Narrow Ranges, Marginally Pressured In Asia

NZD

NZD/USD prints at $0.6055/60, the pair is ~0.1% lower today.

  • Narrow ranges are persisting for the most part today, NZD/USD has observed a $0.6050/65 range with little follow through on moves.
  • The pair is marginally pressured, trimming some of the move seen in yesterday's NY session however moves remain limited thus far.
  • AUD/NZD sits on the $1.08 handle which has emerged as a key level for bulls. The 200-Day EMA comes in at $1.0840.
  • Card Spending fell 0.9% M/M in July, Retail Card Spending was flat.
  • On the wires in just over 1 hour we have Q3 2-Year Inflation Expectations.

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