NZD/USD finished marginally lower yesterday,...>

KIWI: NZD/USD finished marginally lower yesterday, with the rate struggling for

a clear direction on the last trading day of the month. Pressure from broader

risk aversion pushed the rate lower eventually.

- The pair has extended late doors losses into the Asia-Pac session and last

trades -12 pips at $0.6114, slightly off lows. It has moved back below Apr 14

high of $0.6131, a former key resistance, and bears target the 50-DMA at

$0.6059, followed by the $0.6000 mark. Bulls need a jump above yesterday's high

of $0.6176 to get some fresh impetus.

- ANZ Consumer Confidence tumbled to 84.8 from 106.3 in April as lockdown

measures took their toll. Elsewhere, the gov't said that job ads fell 6.4% Q/Q

in the first quarter.

- At yesterday's press briefing PM Ardern continued to resist calls to postpone

the September general election, noting that it is still some time away.

- NZ focus next week turns to building permits (Tuesday), quarterly employment

and wage data (Wednesday), as well as inflation expectations (Thursday).