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Central banks dent NZD and GBP as AUD.........>

FOREX
FOREX: Central banks dent NZD and GBP as AUD shines
-NZD losses suffered after a dovish RBNZ decision are yet to be reversed at the
NY close, despite a solid 0.9% rally from the lows against the USD. As a result,
the NZD is the poorest performer in G10 today, with GBP a close second.
-The BoE's Super Thursday saw Carney and Co. outline their reasoning behind a
'dovish hold', leading markets to buy into the belief that a rate hike will be
forthcoming by year-end, but is now a 50/50 bet for August. As a result, GBP/USD
broke below January lows to touch $1.3460 and another close below the 200-dma
($1.3547) looks likely.
-AUD/NZD rallied sharply, enjoying the best session since October (and breaking
above the 100-dma), as the dovish RBNZ and strong metals prices supported the
cross.
-The greenback looked relatively strong in early Europe, but disappointing CPI
numbers knocked the DXY further off yesterday's five-month high.
-Tomorrow, focus turns to the Canadian jobs report and US Uni. of Michigan
Confidence.

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