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Ticking Away From 200-Day EMA In Early Dealing

NZD

NZD/USD prints at $0.6245/50, the pair is ~0.2% firmer today.

  • Thursday's highs have been breached and NZD/USD has ticked away from its 200-Day EMA ($0.6234), the pair sits a touch below its pre-RBNZ levels from late May. Moves still remain limited thus far.
  • AUD/NZD is ~0.2% lower, however we remain above the $1.10 handle and last print at $1.1015/25.
  • On the wires early this morning May BusinessNZ Mfg PMI printed at 48.9, the prior read was revised lower to 48.8 from 49.1.
  • Cross asset wise; the Hang Seng is ~0.5% firmer and BBDXY has retreated from session highs to sit ~0.1% lower.
  • Looking ahead, May PSI crosses early in Monday's session. Wider swings in risk sentiment will be the main driver of NZD for the remainder of Friday's dealing.
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