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Pressured v USD, AUD/NZD Weakness Continues

NZD

NZD/USD prints at $0.6425/30, ~0.2% softer in today's trading.

  • The pair was pressured as weaker than expected Australian employment data spilled over into an offer in the Antipodeans. Support came in at $0.6320.
  • AUD/NZD is ~0.2% softer after key technical breaks we highlighted earlier. The pair is a touch off session lows at $1.0754.
  • Dec Food Prices MoM rose 1.1%, the prior reading was 0.0%.
  • Cross asset flows are muted, BBDXY is flat and eminis are marginally softer. US 10-Year Treasury Yields are little changed.
  • Wider swings in risk sentiment will remain the primary driver for NZD for the remainder of the session.

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