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Narrow Ranges Observed, RBA In Focus

NZD

NZD/USD prints at $0.6195/6200, a touch firmer than yesterday's closing levels.

  • The pair has observed a narrow range in today's dealing, with little follow through on moves thus far.
  • AUD/NZD is also observing narrow ranges, the pair last printed at $1.0855/65.
  • Cross asset flows remain muted, e-minis are marginally firmer and US Treasury Yields are little changed across the curve.
  • Trans-Tasman flows are in focus, with the RBA expected to raise the cash rate 25bps at today's meeting. The focus is likely to be on the tone of the statement and indications of how the RBA's economic forecasts may have evolved. AUD/NZD flows may come to the fore.

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