NZD shook off its initial weakness, stemming...>

KIWI: NZD shook off its initial weakness, stemming from a soft domestic ANZ

business confidence print, which played out against the backdrop of broader risk

aversion, and rose to the top of the G10 pile, on the back of positive signals

re: Sino-U.S. trade talks. NZD/USD last trades at $0.6822, 25 pips better off.

- As a reminder, U.S. Pres Trump told Fox that he expects a good deal with

China, while RTRS cited U.S. officials as saying that progress have been made

"in all areas of trade talks," even as some sticking points remain.

- Bulls look for a break above the nearby 50-DMA at $0.6828, located ahead of

the 21-DMA at $0.6835. Meanwhile, bears look for a pullback through the 100-DMA

at $0.6812, breached overnight, towards the psychological $0.6800 level.

- Friday will see a key address from RBNZ Gov Orr, who will speak on the RBNZ's

new policy setting framework. The next RBNZ MonPol decision will be delivered by

the new MPC, comprising of four internal RBNZ members and three external

members, who were named earlier today.

- Elsewhere, NZ building permits come out tomorrow, while top U.S. trade envoys

will continue negotiations with their Chinese counterparts in Beijing.