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Rangebound, US CPI In Focus


NZD/USD prints $0.6390, ~0.1% firmer in today's trading, with only AUD and NOK stronger performers in the G10 space.

  • The pair is trading off the peak of its intra-day $0.6378/99 range as a downtick in US Treasury Yields spills over into mild USD weakness. AUD/NZD continues to see selling interest above NZ$1.06 handle, the cross currently prints at NZ$1.0576.
  • Cross asset signals are mixed with e-minis down ~0.1% and the BBDXY down slightly.
  • November Food Prices printed flat this morning, after a prior reading of 0.8% in October.
  • With no further local data on the wires today, NZD will be driven by any wider swings in risk sentiment ahead of this evenings US Nov CPI Print.

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