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Outperforming G10 As Asian Equities Advance

NZD

NZD/USD prints $0.6159, ~0.5% firmer today.


  • Asian equities have risen, as participants have looked past warnings of higher rates to fight inflation by Fed officials yesterday, spilling over into a wider risk appetite generating demand for NZD.
  • Gains are stronger for HK bourses at this stage, while positive US equity futures is likely helping at the margin.
  • AUD/NZD is trading below NZ$1.09 last printing NZ$1.0890, as NZD outperforms. The cross broke through yesterday's lows as kiwi bulls look to retest lows from 4th Nov at NZ$1.0873.
  • The previously mentioned news around Fonterra divesting its Chilean business, may also be helping from a flow standpoint.

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