• NZD/USD -0.5% from Thur 0.5573 high as DXY continues to grind higher

• NZ Oct manufacturing PMI eases slightly to 54.9 (prior 56.5)

• Middle East hostilities continue, Trump claims Iran deal not needed

• WTI up 2.8%, Gold down 2.9%; Nvidia -5.3% as CEO crisis seems post-peak

• Sticky U.S. inflation and hawkish Fed officials fuel FFR hike bets

• Futures pricing implies Dec 9 Fed hike of at least 25 bps now fully priced

• NZD targets 0.5485 support, break below would stoke excitement amongst bears

• Range NZ 0.5540-47, support 0.5485, resistance 0.5710 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)