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ANZ note that "Kiwi drifted off (on............>

KIWI
KIWI: ANZ note that "Kiwi drifted off (on Thursday) as equity markets took a
breather and gold rallied, but the USD is still weaker and NZD is still well
above last week's levels. With global drivers in the driving seat, we remain
attuned more to general market conditions and liquidity, all of which points to
the Kiwi being well bid on dips. Markets remain "priced for perfection", which
suggests a degree of fragility, as last night's price action demonstrates.
Still, liquidity remains abundant and markets remain more embracing of good news
stories, and that "vibe" is good, rather than bad for NZD."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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