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US EURODLR OPTIONS

BLOCK, Red Dec'22 Put

EGB OPTIONS

Euro-Bund Put Condor vs Call Spd

MEXICO

Retail Sales Ahead of Expectations In August

TURKEY

CBRT Cut Rates by 200bps vs. Exp. Cut of 100bps

POLITICAL RISK

BioNTech Say Ph.3 Trial Data Shows High Efficacy Of Booster

NZD

NZD/USD rallied Monday as easing inflationary concerns dragged the greenback lower across the board, while the kiwi caught a bid on the back of recovery in BBG Commodity Index. That being said, the prior daily high remained intact.

  • The RBNZ confirmed that the Term Lending Facility will close on Jul 28, after the completion of the final scheduled facility window.
  • New Zealand's Foreign Min Mahuta told the Guardian that exporters should diversify to weather a potential "storm" of anger from China, amid deteriorating Sino-Western relations. The piece noted that China accounts for almost a third of New Zealand's exports.
  • Focus on the data front moves to trade balance (Wednesday) & ANZ Consumer Confidence Friday). In addition, on Wednesday, the RBNZ will deliver the latest MPS.
  • With NZD/USD sitting +6 pips at $0.7216, bulls look for a break above May 18 high of $0.7271, which would open up May 10/Mar 2 highs of $0.7305/07. On the flip side, a move through May 19 low of $0.7152 would draw attention to the 50-DMA/May 13 low at $0.7142/35.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com