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NZD underperforms

USD
  • The Greenback is mostly closer to flat going into the European session, the EUR is just up 0.08%, while the the Kiwi is the early worst performer, down 0.24%.
  • Nonetheless, NZDUSD is still closer to its best level since the US NFP beat, following the Hawkish RNBZ note from ANZ last week.
  • NZDUSD found resistance just short of 0.6161 the 2nd February high, printed a 06158 high on Friday.
  • G10 FX pairs/crosses are within ranges, as Market participants await the US CPI release Tomorrow.

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