NZD

New Zealand data - June services PMI 50.1 (prior 53.3)

Newsquawk Week Ahead: China activity data, PBoC LPR, US retail sales, UK, NZ, & Canada CPI

• Highlights next week include China activity data, PBoC LPR, US retail sales and inflation data from the UK, New Zealand, Canada & Japan, the RBA minutes and Aussie jobs report

NZDUSD Technical Analysis

• The NZDUSD surges to the key 0.6389 resistance as the US CPI misses expectations.

NZD traders - it's a New Zealand market holiday on Friday, 14 July 2023

NZD/USD takes aim at April and May highs on latest jump higher

• The pair is up over 150 pips in the past two days

New Zealand data - Card retail sales +1.0% m/m in June vs. expected -0.2%

New Zealand data - Food Price Index (June) +1.6% m/m (expected +1.5%)

New Zealand manufacturing PMI for June 47.5 (prior 48.9)

JP Morgan forecasts AUD/USD as high as 0.70, and NZD/USD to as low as 0.61

The NZDUSD breaks higher and gets close to the next key targets

• The day started with the RBNZ keeping rates unchanged at 5.5%

Reserve Bank of New Zealand July meeting minutes - Inflation remains too high

Reserve Bank of New Zealand monetary policy decision due top of hour - on hold expected

NZDUSD Technical Analysis

• The NZDUSD pair is still looking at the 0.63 handle.

Reserve Bank of New Zealand meet on Wednesday, 12 July 2023 - preview

RBNZ meet this week, on hold decision widely expected - preview