NZD/USD pulled back from multi-month highs.....>

KIWI: NZD/USD pulled back from multi-month highs Thursday, with price action

driven by offshore catalysts. Broader sentiment suffered as U.S. initial jobless

claims climbed for the first time since March, while U.S. Tsy Sec Mnuchin ruled

out a payroll tax cut in the next coronavirus relief bill. Sino-U.S. tensions

provided another source of concern, with U.S. Sec of State Pompeo offering some

hawkish rhetoric vs. Beijing.

- The rate trades flat at $0.6636, ahead of the release of NZ trade figures

within 15 minutes or so. Bears look for a slide through Jul 9 high of $0.6601,

before shifting focus to Jul 14 low of $0.6503. Bulls keep an eye on $0.6690, a

multi-month high printed on Thursday. A break here would open up Dec 31, 2019

high of $0.6756.

- Next week's NZ data highlights include building permits & final ANZ Business

Confidence (Thursday), as well as ANZ Consumer Confidence (Friday).