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The Kiwi landed atop the G10 pile yesterday....>

KIWI
KIWI: The Kiwi landed atop the G10 pile yesterday. NZD/USD advanced in Asia &
Europe, as broader risk appetite improved, with better than exp. U.S. NFP data
helping boost sentiment (although questions surrounding potential classification
errors contained mkt reaction). It had a brief look above resistance from Jun 23
peak at $0.6533, but combative remarks about China from White House advisor
Larry Kudlow knocked the rate off highs into the WMR fix. That said, the
correction was relatively modest and the pair finished above the $0.6500 mark.
- NZ PM Ardern gave an interview to Newstalk ZB this morning, noting that the
trans-Tasman travel bubble is "on the horizon and real". When asked about the
gov't's economic plans, she said that focus will be on "jobs, jobs, jobs",
including professional training.
- NZD/USD almost unch. at $0.6513. Bulls look for a push through Thursday's high
of $0.6537, before setting their sights on Jun 10 high of $0.6584. Bears look
for a retreat through Jun 22 low of $0.6377, towards the 200-DMA at $0.6330.
- With no more NZ data releases left this week, focus turns to next week's ANZ
Business Confidence (Thursday) & card spending (Friday).

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