USDU - RBNZ Joins The Queue While Yuan's Advance Continues

• The inability of US shares to hold on to early gains yesterday did not deter the Asia Pacific and European equities from trading higher.
• While industrial commodities, like iron ore and steel rebar, are trading lower, gold has pushed above $1900 for the first time since January.
• July WTI is in a narrow range, hovering around $66 and trying to extend its advance for the fourth consecutive session.
• After reaching a four-month high yesterday near $1.2265, the euro is consolidating today in a narrow range.
• The Reserve Bank of New Zealand joined the cue of central banks signaling intentions to adjust monetary policy as the crisis eases.

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