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The NZD is legging higher in early dealing.....>

KIWI
KIWI: The NZD is legging higher in early dealing this week, although there has
been little in the way of headline catalysts to promote the move. NZD/USD has
topped Friday's high and last deals just above $0.6700, with talk of fund
interest in short AUD/NZD positions.
- NZD/USD's notable initial resistance area comes in around $0.6750 (the pre
RBNZ area).
- Thursday's ANZ business confidence survey headlines the NZ docket this week.
As a reminder last week saw RBNZ Gov. Orr reiterate that the biggest risk to the
NZ economy comes in the form of business investment, so the upcoming release may
come under more scrutiny than usual.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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