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Paring Wednesdays Losses

NZD

NZD/USD prints at $0.6045/50, the pair is ~0.2% firmer today.

  • Kiwi has pared some of yesterday's losses, support came in ahead of $0.6030 as Wednesday's lows remained intact in early trade before rallying ~0.3% off session lows. Resistance has been seen above $0.6050 in recent dealing.
  • AUD/NZD is little changed, the pair is dealing in a narrow range above $1.10.
  • Q1 Mfg Volume fell 2.1% Q/Q and Sales fell 2.8% Q/Q in the latest Activity report which was on the wires early in the session.
  • Cross asset wise; local bond yields are higher 2 Year Yield is up 10bps, US Treasury Yields are little changed. US Equity futures are little changed.
  • Looking ahead the local calendar is empty for the remainder of the week.
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