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NZD/USD sits at $0.6415, almost unch., with....>

KIWI
KIWI: NZD/USD sits at $0.6415, almost unch., with NZ FPI coming up shortly.
- This occurs after the pair dropped 13 pips Wednesday, as gains registered
towards the end of the Asia session were given away. Some topside momentum was
ignited by a tweet from the Global Times' Editor in Chief, who suggested that
"China will introduce important measures to ease the negative impact of the
trade war," sending NZD/USD to just shy of $0.6440. However, the rate faltered
due to USD strength ahead of the anticipated policy "Bazooka" from the ECB.
- Bears look for a break under the $0.6400 barrier, which would open the 21-DMA
at $0.6385. Meanwhile, a rally above the upper 1.0% 10-DMA envelope/Sep 9 peak
at $0.6444/45 would please bulls. 
- Wellington is advancing its "wellbeing budget" idea. Yesterday, NZ authorities
introduced a bill which will oblige future gov'ts to set wellbeing objectives &
explain how they have driven budget creation, while a gov't agency managing
public accommodation has priced NZ$600mn of "wellbeing bonds."
- BusinessNZ will publish its latest m'fing PMI survey on Friday, while REINZ
house sales data is exp. by the end of this week.
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