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NZD/USD added 10 pips overnight, aided by a....>

KIWI
KIWI: NZD/USD added 10 pips overnight, aided by a strong session for regional
equities, as well as a RTRS report suggesting that the U.S. "tempered demands
that China curb industrial subsidies as a condition for a trade deal after
strong resistance from Beijing." Elsewhere, BBG cited sources noting AUD/NZD
sales ahead of Wednesday's release of kiwi CPI data, which might have spilled
over into NZD/USD.
- NZD/USD last seen at $0.6774, still shy of the psychological $0.6800 level,
which capped gains on Apr 3 & Apr 4. A break above would open up the
100-DMA/50-DMA at $0.6808/13. On the downside, a pullback through the recently
breached 200-DMA at $0.6733, ahead of Friday's monthly low of $0.6714.
- NZ focus this week turns to Wednesday, which will see the release of domestic
CPI, as well as a batch of Chinese data, including GDP, industrial output,
unemployment and retail sales. Any signals re: the finalisation of the Sino-U.S.
trade deal will also provide interest.

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