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NZD/USD advanced Thursday amid broader USD.....>

KIWI
KIWI: NZD/USD advanced Thursday amid broader USD sales into the month-end &
recovering risk sentiment. It trimmed gains into the close, however, as U.S.
President Trump said that he will hold a presser on China Friday, which prompted
U.S. equities to erase earlier gains.
- New Zealand's ANZ Consumer Confidence Index, released this morning, improved
to 97.3 from 84.8.
- NZD/USD has extended its pullback from Thursday's highs over the NY/Asia
crossover and last trades -11 pips at $0.6199. Bears look for a deeper retreat,
past May 22 low of $0.6081. Conversely, bulls look to reclaim May 27 high of
$0.6233. A break here would expose the 200-DMA at $0.6316.
- Looking into next week's docket, New Zealand reports building permits and
terms of trade index on Tuesday.

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