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NZD/USD trade near hourly 100-SMA


The NZD/USD pair trades -0.14% lower at 0.6889, retreating slightly from fresh session lows struck art 0.6883 in the last hour. The Kiwi is seen consolidating its recovery from 0.6835 region below 0.69 barrier, and keeps losses amid a broadly weaker greenback and falling oil prices. The Chinese markets on a holiday, traders lack incentives, which also weigh on the Antipodean. China is New Zealand’s biggest trading partner.

Focus U.S Data.
Markets now await the US factories and labor market conditions data lined up for release later today, while Tuesday’s GDT price index will also have major influence on the Kiwi.


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