• NZD/USD -0.3% from Mon 0.58995 high, DXY firms ahead U.S. inflation updates

• U.S. Jul core CPI due Wed (poll +2.5% y/y), PPI Thur (poll +4.9% y/y)

• U.S. & Iran both demanding reparations, likely to stall peace negotiations

• Release of RBNZ Q3 expectations survey Thur will be closely scrutinized

• NZD well supported near 0.5850, break below requires shift in RBNZ narrative

• Futures pricing presently implies 86.5% chance of 25 bps RBNZ hike Sep 2

• Range NZ 0.58815-84, support 0.5850 0.5627, resistance 0.5990-95 0.60925
NZD Daily 55-DMA


DXY Daily 55-DMA

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