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It's a busy economic calendar, with ECB President Lagarde also scheduled to speak. Economic data from the U.S will be key later in the day, however.
Yen Jumps; Kiwi Soars, RBNZ Seen Raising Rates; USD Longs Bail Summary: A surprisingly soft read of a US consumer confidence measure saw bond yields and the Dollar retreat as long bets bailed on Frida
New Zealand Dollar Outlook: NZD/USD Breakout Chance Shifts Into View
2021-07-25 23:00:00
Thomas Westwater,
Analyst
New Zealand Dollar, NZD/USD, Trade Balance, Economic event risks - Talking Points
New Zealand Dollar starts week on the upswing ahead of a busy week
Heavy week of economic data, central bank decisions on the docket
NZD/USD technical outlook improving on confluent set of chart signals
Monday’s Asia-Pacific Outlook
The New Zealand Dollar is in focus as Asia-Pacific trading begins. Traders appear optimistic, with risk assets gently shifting higher. New Zealand’s June trade balance surplus crossed the wires at NZ$261 million, down from NZ$469 million in the prior month. However, the decrease was driven by an outsized rise in imports versus exports, indicating a pickup in cross-border trade. That could indicate an overall strengthening in trade activity for the Asia-Pacific region. The Kiwi Dollar is slightly higher versus its US counterpart this morning.