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Thomson Reuters
Nov 07 - 09:48 PM
NZD/USD - Slips A Tad As RBNZ Still Sounds Cautious On Growth
First appeared on eFXplus on Nov 07 - 03:50 PM
  • NZD/USD fails to sustain post-RBNZ spike to 0.6820, falls back on p/taking
  • RBNZ leaves cash rate at 1.75% nS9N1VJ029, cautious on GDP growth
  • Previous guidance slightly changed, removes “up or down” with ref to OCR
  • NZD rejected by 38.2% of 2018 decline at 0.6811 after 4.7% gain since Thu
  • Pull backs likely limited to 0.6745-55, recent slew of strong data underpins
  • Soft USD tone on doubts about further U.S. fiscal stimulus measures supports

nzd: Click here

Source:
Thomson Reuters IFR Markets

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