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NZD/USD last seen at $0.6545, barely changed...>

KIWI
KIWI: NZD/USD last seen at $0.6545, barely changed on the day, after the RBNZ
released its Financial Stability Report. The central bank noted that NZ
financial system is resilient, but systemic risks remain elevated, hence
"ongoing effort is necessary to bolster system soundness and efficiency."
- RBNZ Gov Orr will make comments on the report during a presser at the top of
the hour and in a parliamentary testimony later today.
- Also today, expect NZ ANZ biz. confidence, ahead of tomorrow's building
permits print and ANZ cons conf. survey due on Friday. NZ budget is due tomorrow
and FinMin Robertson's speech will follow on Friday. Worth noting that parts of
the 2019 budget have leaked, while NZ Tsy said that its computer system has been
hacked. No market-sensitive data has been included in the leaks.
- Tuesday saw NZD/USD mirror Monday's range and round trip from its intraday
peak at $0.6559, amidst gyrations in risk appetite.
- Below $0.6540, which registered lows on Monday & Tuesday, would open the May
17/14 lows of $0.6514/13. Bulls target the 21-DMA at $0.6565, ahead of $0.6559,
which represents Monday's & Tuesday's highs.

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