NZD

Poll shows the consensus for a 50bp interest rate hike from the RBNZ next week

• Reserve Bank of New Zealand announcement is on 13 July local time in NZ.

NZDUSD consolidates gains today but finds resistance near 100 hour MA

• Moves above the 100 hour MA have seen sellers within a swing area

New Zealand GDT dairy price index -4.1%

• Results of the latest dairy auction

New Zealand data - ANZ Commodity Price Index for June -0.4% m/m (prior -2.8%)

• While NZ commodity prices are down, they are higher on the month in local, falling NZD, terms

New Zealand business survey: Business confidence -65 (prior -40)

NZD traders - heads up for business confidence data due from NZ at 2200 GMT (6pm NY time)

Aussie and kiwi technicals begin to crack again

• Looming breaks for the aussie and kiwi against the dollar

AUD/JPY and NZD/JPY still heavy

New Zealand building permits for May -0.5% m/m (expected -0.6%)

New Zealand June consumer confidence drops to 80.5 from 82.3 in May

New Zealand business confidence (June) -62.6% (prior -55.6%)

Updated NZD/USD forecast, 0.68 by year end if sentiment stabilises

AUD and NZD have turned down sharply from earlier highs

Heads up for NZD traders - New Zealand markets closed for a holiday today

New Zealand data - May trade balance +263mn NZD (prior 440mn)