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Pressured As Risk-Off Tone Develops

NZD

NZD/USD prints at $0.6320/25, down ~0.4% in today's trading, NZD is the weakest performer in G-10 space at the margins.

  • With little in macro drivers risk-off flows have developed this morning with JPY and USD both stronger, and US equities futures lower with the NZD pressured as a result.
  • NZD/USD is currently trading a touch above daily lows, AUD/NZD has recovered to trade above its 20-day EMA and is retesting a break of the $1.07 handle. NZD/JPY is ~0.7% softer, last printing 83.85.
  • Any wider swings in risk sentiment will continue to set the tone for NZD today.

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