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*Correct* (price target corrected) Barclays....>

KIWI
KIWI: *Correct* (price target corrected) Barclays recommend a short NZD/USD
position at $0.6780, with a target of $0.6440 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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