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Kiwi is the underperformer early in Asia,......>

KIWI
KIWI: Kiwi is the underperformer early in Asia, already on a weakening trend
after the RBNZ rate announcement. The bank kept rates on hold at 1.75% as
expected and kept a dovish outlook. The factor that hit the kiwi was the
negative outlook on the kiwi from the bank stating they assume the NZD trade
weighted index will ease over the projection period. RBNZ Assistant Gov
McDermott has been on the wires since the decision adding to the pressure,
saying he expects the NZD to ease as the Fed hikes rates.
- NZD/USD last down 31 pips at 0.7207, the pair was at 0.7340 this time
yesterday.
- MNI technical analysis sees support at $0.7144 - 200-DMA.

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