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Risk-On Flows Support Kiwi

NZD

NZD/USD prints at $0.6415/20, ~0.3% firmer in today's trading. NZD is the strongest performer in G-10 space at the margins.

  • The pair is dealing a touch off session highs, a bid in Equities has spilled over into a demand in wider risk assets.
  • Hang Seng is up 1%, and eminis are ~0.2% higher. Weakness in JPY is contributing to the risk on flows at the margins.
  • AUD/NZD remains in a narrow range around the 20-,50-day EMAs and is little changed today.
  • NZD/JPY is ~0.6% firmer, ¥82.00 handle came in as support yesterday.
  • Q4 CPI next Wednesday is coming into view, and looms as a key input into February's RBNZ meeting.

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