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NZD underperforms going into the EU session

USD
  • The Dollar is overall mostly flat against G10, the SEK does show 0.16% up in early trade, but the pair remains within ranges.
  • As overnight desks noted, the Kiwi is the worst performer going into the European session, now down 0.48%, with market participants turning their attention to the RNBZ rate decision this week, expected unchanged at 5.50% on Wednesday.
  • Despite some of the pullback, NZDUSD trades well within the 100 pips range traded last week of 0.6120/0.6218 (low/high).
  • Small support is at 0.6152 followed by last week's low of 0.6120.

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