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Strong Data Ignored By NZD

NZD

NZD/USD flat on the session at 0.7148, the pair touched highs of 0.7171 in the US session on broad based US dollar weakness.

  • The greenback was once again the poorest performer in G10, with decent risk appetite in equity space sapping the USD of any safe haven status. Market focus remains on US stimulus deal prospects, with reports suggesting that differences are continuing to narrow, with just the final details remaining in a package worth up to $900bln.
  • The December final ANZ Business Confidence rose to 9.4 from -6.9 previously, while the Activity Outlook rose to 21.7 from 9.1. The headline figure is at a 3-year high at these levels. The release had no effect on NZD.
  • Keeping an eye on options there are NZD 346m puts rolling off at the 0.7225 strike.
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