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Pares Losses, AUD/NZD Firmer

NZD

NZD/USD prints at $0.6185/90, little changed from yesterday's closing levels.

  • The pair was pressured after Westpac lowered its 2022-23 NZ milk price forecast to $8.4/kg, before support came in ahead of yesterday's low at $0.6170.
  • AUD/NZD sits a touch below $1.08, the cross briefly printed its highest level since 10 March before marginally paring gains. AUD/NZD prints $1.0790/1.0800 ~0.3% firmer today.
  • The ANZ Heavy Truckometer is on the wires early tomorrow morning. There is no estimate and the prior read was 0.8%.

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