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Ahead of the RBNZ decision (OCR exp to be......>

KIWI
KIWI: Ahead of the RBNZ decision (OCR exp to be unchanged at 1.75%), Kiwi holds
near $0.7337, on the high side of a $0.7309 to $0.7339 range. The pair peaked at
$0.7558 July 27 at the height of USD selling and has backed off subsequently.
Today's low was the lowest since July 18, when kiwi troughed at $0.7264. The
55-day moving average comes in at $0.7286. Kiwi has been above its 55-day since
mid May. On the RBNZ decision, MNI's Sophia Rodrigues says while the central
bank is expected to keep policy steady, the RBNZ "may signal that downside risks
to the official cash rate (OCR) have increased, which would make the overall
policy more dovish versus May."

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