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Firmer v USD, AUD/NZD Highest In 2 Weeks

NZD

NZD/USD prints at $0.5915/20, the pair is ~0.2% firmer this morning.

  • The pair has firmed alongside regional equities and US equity futures as risk sentiment improved after China cut stamp duty on stocks.
  • Ranges remain relatively narrow as NZD/USD consolidates gains above the $0.59 handle.
  • AUD/NZD sits at its highest level since 15 Aug, as AUD outperforms due to the improving sentiment regarding China.
  • The New Zealand Activity Index rose 0.4% in July from a year earlier, Statistics NZ said in a statement on its website. Indicators for heavy and light traffic movements, and business activity outlook declined.
  • A thin docket today leaves wider swings in risk sentiment as the main driver in NZD.
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