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Rangebound vs USD, AUD/NZD Holding Above $1.07

NZD

NZD/USD prints at $0.6300/05, the pair is ~0.1% firmer on Monday.

  • The pair has observed a narrow $0.6290/0.6310 range thus far, there has been little follow through on moves as we see-saw around the $0.63 handle.
  • AUD/NZD is consolidating above $1.07 this morning after Fridays move above the handle, however ranges have been tight today.
  • Cross asset wise, BBDXY is down ~0.1% and US Equity futures are a touch lower. US Treasury Yields are little changed across the curve.
  • On the wires early tomorrow we have Apr Card Spending, there is no estimate and the prior was an increase of 3.1% M/M

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