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NZD Bottom Of The G10 Pile So Far

FOREX

A quiet session is expected heading into US NFP data later on Friday, NZD is the bottom of the G10 pile so far, on track to decline for four straight sessions – NZD/USD is down 11 pips. New Zealand's ANZ Consumer Confidence registered at 114.1 in June, little changed from the previous reading of 114.0.

  • AUD/USD down around 4 pips, there were reports that Brisbane is to remain in lockdown until at least Saturday.
  • JPY is lower, USD/JPY is up 4 pips and around 15 pips off the March 2020 high at 111.71. Data showed Japan's June monetary base rose 19.1% Y/Y.
  • CNH is slightly weaker, USD/CNH up around 10 pips. There were reports from the US that a group of Republican lawmakers asked President Biden to end the "self-inflicted harm" that emanates from trade wars.

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