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The Kiwi leads in early trade

USD
  • The Dollar was again mixed overnight pre EU Govie open, NZD was leading up 0.33% with the NOK 0.18%, while JPY was the early small loser, down 0.17%.
  • Post Cash open, the Yen is still the early loser, now down 0.23%, closely followed by the Pound, just down 0.21% following the UK inflation coming below consensus.
  • Despite the CPI data for the UK, Cable still only trades in a tight 33 pips range, and small support moves up to 1.2428 initially.
  • The Kiwi still leads, now 0.28% up and through the November high.
  • Most market participants will now look at 0.6056, the October high in NZDUSD, which is also the highest print since the 10th August.
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