New Zealand 1Q Labour cost index (YoY) down to 1.8% vs 1.9%

With USD/CAD last at 1.0071, near “short-term trend support at 1.0074 on the hourly chart,” Toronto based FX Research Team at TD Securities note, the pair “retains a soft bias, with the near-term trend looking rather choppy just below 1.01,” the analysts add.