Find more articles and bullets on these widgets:
The NZD/USD had a range Friday night of 0.5717 - 0.5758, Asia is trading around 0.5740(+0.30%). Some clarification from China over the weekend on their new rare earth export controls has seen the US walk back its aggressive stance and a more conciliatory tone is being set. I suspect a lot of Friday's moves will see some decent pullbacks on this, but how long it lasts is anybody's guess. The NZD had a poor weekly close and technically remains a sell on rallies now for those looking for a currency to be short of in their basket. The sell zone remains back toward the 0.5800 area with the market looking for a potential move back towards the 0.5500/0.5600 area.
Fig 1: NZD/USD Spot Weekly Chart

Source: MNI - Market News/Bloomberg Finance L.P
| 0200GMT | 0900HKT | 1100AEDT | South Korea Exports 10 Days YoY OCTOBER |
| 0200GMT | 0900HKT | 1100AEDT | South Korea Imports 10 Days YoY OCTOBER |
| 1230GMT | 1930HKT | 2130AEDT | India CPI YoY SEPTEMEBER |
| China SEPTEMBER Trade Data |
source: Bloomberg Finance LP / MNI