• NZD/USD -0.5% from Wed 0.59775 high as DXY & UST yields grind higher

• Warmer than anticipated U.S. inflation firms chance of FFR hike by year end

• U.S. Jul PCE index +0.2% m/m, +3.7% y/y (poll +0.1% and +3.6% respectively)

• Fed Chair Warsh speech at Jackson Hole Fri looms as critical focal point

• Futures pricing now implies 98.1% chance of RBNZ 25 bps hike Sep 2

• NZD targeting break above 0.5990-95, expect stop-loss covering above

• Range NZ 0.5941-445, support 0.5831 0.5762, resistance 0.5995 0.6012
NZD Daily 55-DMA


DXY Daily 55-DMA

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