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New Zealand Moves To Phase 2 Of Omicron Outbreak

NZD

NZD/USD ground higher Tuesday as risk assets regained poise on receding geopolitical worry. Russian President Putin announced a partial pullbacks of troops from the Ukrainian border, while U.S. President Biden said he awaits proof, as a broader diplomatic push to defuse the crisis continued.

  • Note that New Zealand's Director-General of Health Bloomfield holds a briefing at typing as the country moves to Phase 2 of the Omicron outbreak.
  • The rate trades at $0.6644, little changed on the day. A clearance of Feb 10 high of $0.6733 would signal that bulls are taking control, while bears need a fall through Feb 14/4 lows of $0.6593/90 before targeting Jan 28 cycle low of $0.6530.
  • Reminder that New Zealand's PPI data will hit the wires on Friday.
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