NZD/USD slipped into the London morning........>

KIWI: NZD/USD slipped into the London morning today, as the Kiwi tracked losses

in the Aussie, which took a hit from the implementation of lockdown measures in

some areas across Melbourne. NZD/USD recovered into the WMR fix, as the

greenback was sold amid month- and quarter-end positioning. The pair held gains

later on, finishing 22 pips better off. 

- NZ Infrastructure Minister Jones announced the first 12 infrastructure

projects designed to aid economic recovery. The governments plans to spend

NZ$3.0bn on all projects, 150 of which (worth NZ$2.6bn) have been approved.

- NZD/USD trades flat at $0.6454. A rally above Jun 23 high of $0.6533 would

bring Jun 10 high of $0.6584 into play. Conversely, a slide through Jun 22 low

of $0.6377 would expose the 200-DMA/23.6% retracement of the Mar 19 - Jun 10

bull mkt at $0.6328/21.

- New Zealand reports its building permits data shortly.