• NZD/USD flatlines Fri as broad USD index remains elevated in Asia

• NZ balance of trade +0.8 bln in May, annual deficit 3.4 bln (prior -2.8 bln)

• Ratcheting Fed rate-hike bets post-Fed's hawkish hold underpins USD rally

• USD index reaches highest level since May 2025, hits 100.92 overnight

• Traffic begins to flow through Strait of Hormuz following U.S.-Iran deal

• U.S. initial jobless claims +226k, Reuters poll consensus +225k

• NZD remains under pressure overall, targeting 0.5680 support zone

• Range Asia 0.5748-599, support 0.5680 5580, resistance 0.5990-95 0.6012
NZD Daily 55-DMA


DXY Daily 55-DMA

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