NZD/USD holds steady at $0.6628, little new....>

KIWI: NZD/USD holds steady at $0.6628, little new to report for the pair. NZ

building permits print was underwhelming, the number accelerated its decline to

-8.5% M/M from -1.3%. Elsewhere, NZIER's business confidence index bounced from

a 10-year low. The kiwi hasn't shown much in the way of reaction though.

- NZD failed to draw sufficient support from a risk-on mood to stage a

meaningful rebound yesterday, and finished exactly where it closed on Friday.

- Sino-U.S. matters remain in focus, with their trade-one pact to be inked on

Wednesday. Elsewhere, U.S. Tsy removed China from its list of currency

manipulators, which was anticipated by the press earlier on Monday.

- A break above the 21-DMA/Monday's high at $0.6651/53 would would open up the

Jan 6 high of 0.6680. On the downside, the Jan 9 low of $0.6600 draws the

initial attention. Below would clear the way to the low of Dec 18 at $0.6554.

- Remaining NZ highlights this week include food price index (Wednesday) and

BusinessNZ m'fing PMI (Friday).