The big news is out of the way for the NZD today:

  • RBNZ holds rates at 3.50%, as expected
  • Wheeler says pleased with NZD level versus USD
  • Wheeler says no comment on NZD move after announcement

We'll get more from Wheeler later on when he appears before a parliamentary committee to answer questions from the populist axe-grinders elected representative. That's at 0005GMT

Prior to that, New Zealand Food Price index for February due at 2145GMT. Prior was +1.3%

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NZD stabilising near session highs: