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Credit Agricole suggest that "the NZD is.......>

KIWI
KIWI: Credit Agricole suggest that "the NZD is more sensitive to US Tsy yields
than to risk sentiment at the moment, so we expect higher UST yields to continue
to weigh on the currency as carry trades are unwound, especially as the Reserve
Bank of New Zealand is likely to remain on hold throughout 2018 to meet its new
dual mandate of price stability and maximum employment, in light of the
country's slowing economic growth. New Zealand is potentially more exposed than
Australia to having its exports to China displaced by the US in a US-China trade
deal."
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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