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The kiwi has ticked lower vs. its G10 peers....>

KIWI
KIWI: The kiwi has ticked lower vs. its G10 peers and marginally underperforms
at typing, ahead of the MonPol decision from the RBNZ, due later today. NZD/USD
last sits at $0.6597, 7 pips lower on the day.
- Bears look for a dip through the Apr 25 4-month low of $0.6580 & the Jan 3
flash-crash YTD low of $0.6575 to uphold the downside momentum. Conversely,
bulls target the downtrend resistance, which comes in at $0.6636.
- NZD/USD remained limited for the bulk of yesterday's Asia-Pac session, as
worries re: the state of U.S.-China trade talks applied weight to the pair. The
rate then spiked to its intraday high of $0.6630 after the RBA left its cash
rate unchanged, but gradually faded into negative territory, as U.S.-China trade
war matters returned to the fore.
- Worth noting the latest NZ quarterly 2-year inflation expectation edged lower
to +2.01% from the prior +2.02%.
- All eyes are on the RBNZ, with the MonPol decision & the accompanying presser
with RBNZ Gov Orr coming up at 0300BST & 0400BST respectively. For our preview
see https://emedia.marketnews.com/marketnewsintl/RBNZ_Preview_-_May_2019.pdf.

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