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NZD/USD has managed to stay afloat so far......>

KIWI
KIWI: NZD/USD has managed to stay afloat so far and last trades just marginally
above neutral levels, at $0.6052. As a reminder, NZ FinMin Robertson is set to
unveil a  fiscal stimulus package in parliament at the top of the hour. This
comes after yesterday's emergency OCR reduction from the RBNZ.
- NZ Westpac Consumer Confidence Index released this morning slipped to 104.2
from 109.9, with accompanying commentary pointing to the impact of the
coronavirus pandemic & drought. The Index is now below its avg levels.
- Bulls look for a jump above the Mar 13 high of $0.6160, while bears target
yesterday's multi-year low of $0.5944.
- NZ docket this week features BoP Current A/c Balance (Wednesday), Q4 GDP
(Thursday) & card spending (Friday). There's a GDT auction coming up in the
London afternoon.

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