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NZD holding around session lows heading into...>

KIWI: NZD holding around session lows heading into RBNZ Gov. Orr's press
conference at the top of the hour. $NZD/USD 0.6705, after hitting a low of
$0.6699, AUD/NZD last NZ$1.1087, after hitting a high of NZ$1.1098.
- NZD/USD bears focus on the YtD low of $0.6688, AUD/NZD interest in the figure
at NZ$1.1100, followed by the Dec 2017 high NZ$1.1114.
- Orr's willingness to adopt a completely new communication method, including
wholesale changes to the statement accompanying the OCR decision, could make his
press conference very interesting.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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