NZD remains bottom of the G10 pile, with.....>

DOLLAR: NZD remains bottom of the G10 pile, with AUD at the top after a

contrasting session for the Antipodeans. The subsequent move saw AUDNZD print

NZ$1.0732, its highest levels since mid-November.

- The dollar encountered modest pressure overnight with the DXY extending its

downtrend back through 97. A downside break of Monday's low at 96.78, opens the

50% retracement level of 95.76-97.51 & 100-dma at 96.64/60.

- Gold confirmed a bearish break yesterday on the move to fresh ytd lows of

$1273.02. The pair has since staged a minor recovery through Asia toward

$1278.50. Pivotal support comes in today at $1271.64, a break opens the 50%

retracement level of the Nov - Feb rise at $1271.57. Bulls need to recover the

100-dma at $1289.76 to stabilise the outlook.

- The US 10Y extended its recovery back through 2.60% for the first time since

mid-March. The 100-dma is the next key upside target at 2.6793%.

- WTI & Brent edged higher in the wake of strong China GDP, adding $0.20.

- US Trade Balance data is due up at 1230GMT. The international trade gap in the

US is expected to widen to $53.5 billion in February.