The New Zealand Dollar finds itself slightly higher over the last 24 hours, touching 0.6584 this morning. Moving within striking distance of 0.66, the Kiwi consolidated for much of the day as the headlines were a little less cynical in general. In particular, news of a China-US trade dialogue improved risk-sentiment and supported the Kiwi.
The Bird enjoyed a quiet day on the domestic economic calendar with direction again being driven off-shore. In Australia, employment figures were slightly above expectations which say the Aussie appreciate against its counterparts. Against the NZD, the Aussie is now hitting 1.1025. It was, however, the United States that provided the momentum for markets with news that China and the US will resume trade talks. The NZD enjoyed a muted response although did appreciate slightly against the Greenback.
Closing out the week for the Kiwi is a bit more activity on the domestic calendar with PPI Input and Output slated for release this morning. Across the ditch, the Aussie enjoys a speech from the RBA governor, and as always, attentions remain affixed to on-going trade negotiations around the world.