India Manufacturing Output above expectations (3%) in April: Actual (3.4%)

New Zealand Dollar (NZD) could trade sideways between 0.5920 and 0.5980 against US Dollar (USD). In the longer run, momentum is slowing rapidly; the chance of NZD breaking decisively above 0.6030 is slim, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.