NZD/USD has ticked higher early doors, after...>

KIWI: NZD/USD has ticked higher early doors, after NBR cited RBNZ Gov Orr as

saying that he is not "particularly worried" about slowing NZ economic growth.

Orr also pointed to NZ's strong labour mkt, fiscal position & terms of trade,

while adding that the exchange rate "has been behaving well."

- Elsewhere, NZ ANZ consumer confidence index rose to 123.2 from 121.8 in April.

This comes ahead of the release of NZ trade balance, due at 2345BST, which

provides the focal point of today's NZ docket.

- NZD/USD last deals at $0.6632, 6 pips better off. A move through the $0.6700

mark would bring the 21-DMA, located at $0.6723, back into play. Meanwhile, a

pullback through the lower 1.0% 10-DMA envelope at $0.6614 would expose

yesterday's low/Jan 3 YTD low of $0.6580/75.

- The rate finished 33 pips better off Thursday, even with NZ markets closed for

ANZAC day. A RTRS report pointing to targeted RRR cuts in China inspired a move

away from worst levels in the Asia-Pac hours. Subsequent drop in the European

morning preceded a recovery into the London fix, likely ignited by a jump in

U.S. jobless claims (even as U.S. durable goods came in firmer than exp.).