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NZD/USD is steady at $0.6537 ahead of the......>

KIWI
KIWI: NZD/USD is steady at $0.6537 ahead of the release of NZ BusinessNZ
manufacturing PMI & PPI, due at 2330BST & 2345BST respectively.
- The rate declined in Thursday's Asia-Pac session, as U.S. President Trump
introduced formal measures against Huawei, while Australian unemployment rate
ticked higher (albeit the underlying participation rate and employment change
topped forecasts).
- NZD/USD moved back into positive territory in the London hours, supported by a
recovery in risk appetite and outperforming commodities. However, after printing
an intraday high at $0.6582, the pair more than erased its earlier gains, as USD
regained poise. The kiwi finished as the worst G10 performer, save the Aussie.
- Bears look for a dip through Thursday's low/May 8 YTD low of $0.6532/27, which
would encourage them to target the $0.6500 mark, last breached in Oct 2018.
Meanwhile, bulls eye Monday's weekly peak, which comes in at $0.6604.
- NZ focus next week turns to domestic trade balance due Friday.

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