• NZD/USD -2.6% From May 6 0.5991 high as confidence in economy abates

• NZ government says will target 8.7k public service job cuts by 2029

• Tighter fiscal policy working against RBNZ efforts to revive economy

• Fed hike expectations continue to rise, 30-year yields highest since 2007

• Trump refreshes threats against Iran, claims Iran 'begging' for a deal

• NZ Apr trade balance update due Thur, prior 3.2 bln deficit

• Range NZ 0.58344-375, support 0.5815 0.5680, resistance 0.5991 0.6012
NZD Daily 55-DMA

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