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NZD/USD last trades at $0.6875, a touch........>

KIWI
KIWI: NZD/USD last trades at $0.6875, a touch lower on the day, after finishing
just 2 pips higher Friday, as kiwi erased most of its initial strength, noted in
the Asia-Pac hours, weighed on by a broader risk-off feel observed in the London
and NY sessions.
- Initial bearish focus fall on $0.6866, which limited losses on Friday. Below
here opens the 21-DMA, located at $0.6838. On the topside, bulls hope to clear
the psychological $0.6900 level, which would bring the upper 1.0% 10-DMA
envelope at $0.6930 into view.
- The NZ docket this week is headlined by the RBNZ MonPol decision due
Wednesday, with the OCR widely exp. to stay unch. Key domestic data releases
include trade balance, due tomorrow, ANZ biz. confidence, due Thursday, and
building permits, due Friday.
- Participants will also closely watch any fallout from the Sino-U.S. trade
talks, as U.S. TR Lighthizer & U.S. Tsy Sec Mnuchin are set to travel to Beijing
this week. Worth mentioning the FT reported that Chinese curbs on digital trade
remain a bone of contention in the current phase of the talks.

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