NZ news has been the trade balance that came out earlier.

It showed a bigger surplus than expected, which is a positive but I am reluctant to ascribe this move to that. Which leaves me empty handed. Other currencies (and gold) are up against the USD in early Asia also.

There was an OECD report on the NZ economy issue earlier, some of the usual concerns from the group and again no smoking gun.

Of course, there is the RBNZ still to come this week - non hold expected:

  • RBNZ monetary policy meeting preview - BNZ says cash rate on hold
  • NZD traders - RBNZ preview - poll says on hold
  • NZIER says RBNZ cash rate should remain on hold this week
  • NZ news has been the trade balance that came out earlier.