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In the red against the majors

USD
  • Although off its best level, after the EU cash Govie open, the Kiwi is still the best performer against the USD in G10, followed by the JPY, SEK and NOK.
  • NZDUSD printed its highest print since the 3rd June overnight.
  • Next upside target will be at 0.6576, the June high.
  • The Dollar is lower against most others, as investors continue to look for a less aggressive path from the Fed.

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