NZD/USD has added 14 pips thus far and last....>

KIWI: NZD/USD has added 14 pips thus far and last trades at $0.6821, after the

NY/Asia crossover saw NZ building permits print at +16.5% M/M vs. prev. +5.4%.

Elsewhere, ANZ consumer confidence eased to 120.8 from 121.7, while the terms of

trade index also fell more than exp. on a Q/Q basis.

- The rate closed 41 pips lower yesterday, as USD was buoyed by strong domestic

GDP & Chicago PMI prints. Meanwhile, warm rhetoric around Sino-U.S. relations

from White House's top trade adviser Kudlow did not help NZD. As a reminder,

Kudlow told CNBC that the U.S. and China may soon sign a "remarkable historic

deal," adding that Beijing has pledged to introduce some key structural reforms.

Also worth noting that BBG ran a sources piece stating that U.S. Pres Trump &

Chinese Pres Xi may sign a deal within weeks.

- Bulls look to the nearby 21-DMA at $0.6829, followed by $0.6853, where the

rate peaked yesterday. Conversely, bears need a fall below the 50-DMA/55-DMA at

$0.6794/93 before challenging the lower 1.0% 10-DMA envelope at $0.6780.

- Chinese Caixin m'fing PMI, which comes out at 0145GMT, will provide some

interest for participants.