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Underperforming As Local Data Weighs

NZD

NZD/USD prints $0.6252, down ~0.2% from yesterday's closing levels. Kiwi is the weakest performer in the G10 space.

  • Marginally weaker than expected retail sales volume growth in Q3 and softer consumer confidence data may have weighed on the Kiwi at the margins.
  • Cross-asset flows are mixed, in terms of input for the Kiwi, with the USD marginally stronger across the board and e-minis up ~0.2%.
  • With no further domestic data on the wires today, broader themes and the Chinese COVID situation will come to the fore.
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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