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NZD is still the worst performer

USD
  • The Dollar is mostly flat in early trade against G10s, best early performer is the Swissy, up 0.20%, while the Kiwi is down 0.65%, and has now lost 2.11% from yesterday's high, which was also the highest print since Valentines Day.
  • The overall Dollar bid, and this morning's 2yr inflation data falling below 3% and down to 2.79% has accelerated the downside momentum in NZDUSD.
  • Immediate support is seen at 0.6248, the 50% very short term retrace of the 27th April/11th May gains.
  • Below the latter, opens back to 0.6216.

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