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NZD/USD struggled on Tuesday, against the......>

KIWI: NZD/USD struggled on Tuesday, against the backdrop of a stronger USD, with
EM worry front and centre, and a pullback in the AUD/USD adding additional
weight. The pressure resulted in the cross registering a fresh YtD low
($0.6540), with the rate last dealing at $0.6550, after a limited reaction to a
miss in NZ Q2 building work in place.
- The NZD discounted the results of Tuesday's GDT auction (the 9th fall in 12
for the headline GDT index), with WMP largely in line with market pricing.
- AUD/NZD has consolidated its leg higher, to last deal at NZ$1.0965, as bulls
eye the August 24 high (NZ$1.0987).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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