• NZD/USD +0.3% Thur as Q2 GDP beat expectations, but still 0.7% off Wed high

• Fed hiked as expected, decision unanimous, flags further tightening to come

• NZ Q2 production-based GDP +0.2% q/q (poll +0.1%), +2.6% y/y (poll +2.2%)

• NZD cumulative loss 4.3% in 4-weeks, now targeting Jun 26 0.5627 ytd low

• Investors left pondering further Fed hikes after Wed's unanimous decision

• DXY +0.7%, and 2Y UST yields trading close to two-year highs

• RBNZ Assistant Governor Angus McGregor due to speak Thur evening

• Range NZ 0.5705-29, support 0. 0.5627, resistance 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.)