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Barclays recommend a short NZD/USD position....>

KIWI
KIWI: Barclays recommend a short NZD/USD position at $0.6780, with a target of
$0.6640 and a stop at $0.6893. Barclays reason that "higher US rates are a
particular problem for New Zealand, due to the country's structural reliance on
global savings. The distinct lack of inflation pressure in the country from
sub-potential growth and subdued wages will likely be reflected in the Q4
inflation report on 23 January, contributing to a dovish tone from the RBNZ at
its 13 February meeting."
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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