New Zealand Dollar (NZD) is likely to consolidate within a range of 0.5775/0.5810. In the longer run, unless there is a meaningful decline soon, a break above 0.5815 would suggest NZD has moved into a range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Oil prices extended losses yesterday after reports that OPEC+ may be bringing supply back onto the market at a quicker-than-expected pace, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold extended its run higher, hitting intra-day high of 3875 levels, before backing off. Risk of US government shutdown raises concerns of economic slowdown. XAU last seen at 3876 levels., OCBC's FX analysts Frances Cheung and Christopher Wong note.