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NZD Tests 0.6100, JPY Continues To Slide, Fed Waller To Speak Later

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The BBDXY sits slightly higher for the first part of Friday trade, last trade just above Thursdays highs at 1,253.08. The NZD has been the outperformer again today as the hawkish RBNZ continues to provide support for the currency, while the CHF and AUD are the worst performers, although ranges have been tight.

  • NZD/USD hovers just below 0.6100 today, and unchanged for the session. We are still comfortably below the post RBNZ high of 0.6150, however is maintaining the kiwi outperformance theme.
  • Earlier, ANZ ANZ Consumer Confidence rose to 3.4% m/m from -5.0% in March, while the trade balance surplus narrowed to $91m from $588m in March.
  • AUD/USD is down 0.10% and struggling to break back above 0.6600. The pair is down 1.39% for the week, with AU CPI next week.
  • USDJPY has ticked higher throughout the session and holds above 157.00 at 157.09, although slightly below Thursday highs of 157.20. 10Y JGBs rose to 1.005%, the highest level since 2012.
  • Looking ahead, UK Retail Sales and The Fed's Waller to speak later today
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The BBDXY sits slightly higher for the first part of Friday trade, last trade just above Thursdays highs at 1,253.08. The NZD has been the outperformer again today as the hawkish RBNZ continues to provide support for the currency, while the CHF and AUD are the worst performers, although ranges have been tight.

  • NZD/USD hovers just below 0.6100 today, and unchanged for the session. We are still comfortably below the post RBNZ high of 0.6150, however is maintaining the kiwi outperformance theme.
  • Earlier, ANZ ANZ Consumer Confidence rose to 3.4% m/m from -5.0% in March, while the trade balance surplus narrowed to $91m from $588m in March.
  • AUD/USD is down 0.10% and struggling to break back above 0.6600. The pair is down 1.39% for the week, with AU CPI next week.
  • USDJPY has ticked higher throughout the session and holds above 157.00 at 157.09, although slightly below Thursday highs of 157.20. 10Y JGBs rose to 1.005%, the highest level since 2012.
  • Looking ahead, UK Retail Sales and The Fed's Waller to speak later today