Trial now
KIWI
KIWI: NZD/USD has traded in a similar fashion to the AUD/USD cross, although NZD
has lagged its Antipodean counterpart. Rate last deals ~30 pips or so higher at
$0.6900, back from early highs of $0.6919, as the kiwi benefits from the
U.S.-China trade truce agreed over the weekend.
- The rate managed to close above its 200-DMA for the first time since April on
Friday, with the average now acting as initial support, at $0.6863. Bulls now
look for a clean break above the June 25 high at $0.6922, which would then open
up the June 19 high at $0.6944.
- Completed construction work for Q3 headlines the local docket this week, when
it hits Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com