• NZD/USD +0.6% from Thur 0.58216 low as U.S. data weighs on DXY & UST yields

• U.S. Jul PPI +4.7% y/y (poll +4.9%), initial jobless claims 209k (poll 202k)

• U.S.-Iran both claim control of Strait of Hormuz, stalemate set to continue

• NZ manufacturing expansion slows sharply in Jul, PMI 54.3 (prior 60.1)

• Futures pricing presently implies 85.4% chance of 25 bps RBNZ hike Sep 2

• U.S. Jul retail sales due Fri, Reuters poll consensus +0.1% m/m

• Range NZ 0.5849-575, support 0.5760-65 0.5627, resistance 0.5990-95 0.60925
NZD Hourly Bollinger Study & DXY Daily 55-DMA

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