• NZD/USD -0.9% wtd amid darkening domestic & international economic clouds

• NZ Apr manufacturing PMI 50.5 (prior 53.2), 4th-consecutive decline post-Dec

• DXY firms as U.S. inflation concerns mount; Xi warns Trump on Taiwan

• NZD close below 0.5929 opens downside potential towards 0.5815 support

• NZ Q1 producer prices due Tue, an important read ahead May RBNZ meeting

• Range NZ 0.59075-17, support 0.5815 0.5680, resistance 0.6090-95 0.6120
NZD Daily 55-DMA


DXY Daily 55-DMA

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