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NZD outperformed its G10 peers overnight,......>

KIWI
KIWI: NZD outperformed its G10 peers overnight, with NZD/USD adding 17 pips. The
pair last sits at $0.6679.
- Kiwi drew support from strong Chinese industrial profits data released over
the weekend, while Asia-based traders told BBG that month-end AUD demand spilled
over into NZD somewhat.
- A clean topside breach of $0.6682, where the rate peaked on Friday, would open
up the down trendline from Mar 26, which kicks in today at $0.6702. Bears look
for a pullback through the lower 1.0% 10-DMA envelope located at $0.6609, a
handful of pips below where the rate bottomed on Friday.
- NZ gov't 9-month fiscal statements & ANZ biz. confidence come out tomorrow, as
do official Chinese PMI gauges & Chinese Caixin m'fing PMI. NZ labour mkt data &
QV house prices hit on Wednesday, while NZ building permits are due Thursday.
- Sino-U.S. trade talks remain in focus, with U.S. TR Lighthizer paying a visit
to Beijing this week. U.S. Tsy Sec Mnuchin said that the negotiations are in
"the final laps."

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