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Thursday was a bullish outside day for.........>

KIWI
KIWI: Thursday was a bullish outside day for NZD/USD, even as Covid-19 outbreak
continued to rattle risk appetite. Aggressive re-pricing of FOMC easing bets
dented USD amid a worrying escalation of the epidemic in the U.S. and globally.
- Local ANZ consumer confidence was released earlier today, headline index
slipped a tad to 122.1 from 122.7. Re: coronavirus accompanying commentary said
that "at the moment people have a vague concern, but it feels quite distant."
- Elsewhere, NZ Tsy released 7-month financial statements, which showed a
slightly below-forecast budget surplus.
- NZ filled jobs indicator rose by 0.7% M/M, per today's monthly update.
- NZD/USD trades +6 pips at $0.6314 as we type. A clearance of yesterday's high
of $0.6335 would shift bullish focus to $0.6359, the Feb 25 high. On the flip
side, bears need a drop below yesterday's low of $0.6284 to gain some momentum.
- NZ highlights next week include terms of trade (Monday), building permits
(Wednesday) & vol. of all buildings (Friday). There's a GDT auction coming up
next Tuesday as well.

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