NZD/USD is not being driven by data today, but by the slide in the USD.
AUD, EUR, CHF, SGBP, CAD ... all higher. USD/JPY is holding above 149.00 for now after a brief dip under.
NZD update:
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New Zealand data - January credit card spending +1.3% y/y (prior -1.3%)
- Kiwi $ is up with just about everything else today
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- USDCHF takes another step to the downside on the USD selling
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- Canada April manufacturing sales +4.2% vs +4.5% expected
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- The USD is lower to start the new week as Iran deal dominates and leads the markets.
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