NZD/USD sits at $0.6760, just shy of...........>

KIWI: NZD/USD sits at $0.6760, just shy of unchanged levels, after round

tripping from its overnight low of $0.6741, touched on the back of guarded

rhetoric coming from the Antipodean central banks.

- The rate declined post-Tokyo fix due to a spillover into NZD from AUD

weakness, noted after the release of the latest RBA MonPol meeting minutes. The

document revealed that the Board discussed the possibility of a rate cut, if

"inflation did not move any higher & unemployment trended up," although it did

reiterate that there is not a strong case for near-term policy adjustments.

- NZD/USD extended losses thereafter, as RBNZ Gov Orr told RTRS that the Bank's

easing bias remains, adding that NZD is currently trading "in a happy space."

- The rate pared most of its earlier losses into the Asia/Europe crossover.

- A dip through the 200-DMA at $0.6733 would expose Friday's monthly low of

$0.6714. Bulls look to the $0.6800 mark, which capped gains on Apr 3 & Apr 4.

- Domestic CPI data, due tomorrow, draws the initial NZ attention. Later

tomorrow, China will release its GDP, retail sales, industrial output, and

unemployment figures.