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NZD/USD round tripped from an intraday peak....>

KIWI
KIWI: NZD/USD round tripped from an intraday peak at $0.6443 on Monday, as the
rate meandered in search of any catalyst that would push it firmly either way.
It finished just marginally above neutral levels.
- FinMin Robertson & RBNZ Chief Economist Ha spoke with BBG today, stressing
that they are keeping (respectively) all fiscal and monetary options on the
table. Yet, Robertson noted that helicopter money us not in the immediate plans.
Ha commented on the reference to the exchange rate in the latest OCR decision,
saying that it "does not imply any monetary policy action or inaction".
- Elsewhere, Dep PM Peters told RNZ that the gov't is not planning to relax
border controls, even after the EU allowed the Kiwis to enter Europe.
- The rate sits at $0.6428. 6 pips better off. Bulls look for a jump above Jun
23 high of $0.6533 before targeting Jun 10 high of $0.6584. Bears need a drop
below $0.6377, the trough of Jun 22, before taking aim at the 200-DMA/23.6%
retracement of the Mar 19 - Jun 10 rally at $0.6326/21.
- Final ANZ Business Confidence Survey headlines New Zealand's docked today,
with building permits coming up on Wednesday.

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