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NZD/USD trades 5 pips or so higher on the......>

KIWI
KIWI: NZD/USD trades 5 pips or so higher on the day at writing, last $0.6732,
after printing lows of $0.6713 on the back of the initial bout of risk aversion
observed at the start of the session, before moving back to unchanged levels as
U.S. equity index futures failed to sell off on the U.S.-centric uncertainty.
- Worth remembering that weekend rhetoric out of China re: U.S. trade matters,
pointed to further positive developments, in spite of cautious comments from
U.S. trade hawk Peter Navarro to the Nikkei late on Friday.
- Bulls look for a break above the 50-DMA at $0.6743 to open up Friday's high at
$0.6790. Initial support is located at Friday's intraday low of $0.6706.
- The NZ docket is empty this week so rate will likely be driven by broader risk
appetite.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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