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NZD was the best G10 performer, allowing.......>

KIWI
KIWI: NZD was the best G10 performer, allowing NZD/USD to make headway
overnight. The pair added 10 pips and currently sits at $0.6775.
- Over the weekend Xinhua reported that some Chinese firms have applied for
tariff exemptions as they intend to purchase U.S. agricultural goods. The story
might have somewhat supported the kiwi through the session, but there wasn't any
immediate reaction and the rate advanced only after the Tokyo fix.
- Friday's close at $0.6764, which also represents the 61.8% fibo retracement of
the slide from $0.6939 to $0.6482, gave way today. This shifts bullish focus to
the $0.6800 figure. Conversely, bears look for a retreat towards the 200-DMA,
which comes in at $0.6722.
- Wednesday's publication of trade balance numbers headlines NZ economic docket
this week.

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