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Ex-ECB Chief Economist Peter Praet Joins MNI


EURCZK Trading At The Low of Its 2W Range


Waiting for payrolls

KIWI: NZD/USD sits 7 pips higher on the day, last at $0.6461.
- On Tuesday, the pair traded within a ~20 pip range for the first half of the
day, before sliding to its intraday low of $0.6422 as U.S. core CPI metrics
topped forecasts. However, the rate bounced from lows as the U.S. announced
delaying tariffs on some consumer goods from China, with both sides signalling
that their top trade representatives spoke by phone and will speak again in two
weeks. NZD/USD rallied sharply on the news, hitting resistance at $0.6742,
before fading to just 6 pips above the neutral levels into the close.
- Bulls need a lift above the 23.6% retracement of the Jul-Aug slide at $0.6475
before challenging the $0.6800 barrier, which capped gains last Friday.
Meanwhile, bears look for a retreat below the Oct 8 2018 low & lower 1.0% 10-DMA
envelope, both at $0.6425.
- The RBNZ informed that NZ Commerce Commission has joined the Council of
Financial Regulators.
- NZ focus today falls on a slew of China's monthly activity indicators.
Domestic m'fing PMI survey from BusinessNZ will be published on Friday.