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Narrow Ranges On Monday

NZD

NZD/USD prints at $0.5825/30, the pair is little changed on Monday.

  • Narrow ranges are persisting on Monday with NZD/USD observing a $0.5820/30 range this morning, there has been little follow through on moves and few meaningful macro headlines cross.
  • AUD/NZD sits well within recent ranges and is consolidating above the 200-Day EMA.
  • Cross asset wise; US Tsy Yields are firmer however there has been little spillover into the USD as of yet. US Equity futures are also higher as they trim some of Friday's loss.
  • The holiday in New Zealand, as well as a holiday in Hong Kong, has weighed on general liquidity. Wider swings in risk sentiment will be the main driver in NZD today.
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