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Narrow Ranges In Asia

NZD

NZD/USD prints at $0.5970/75, the pair is marginally firmer today.

  • Narrow ranges are persisting in early Asian trade on Tuesday, there has been little follow through on moves in the FX space thus far.
  • AUD/NZD is a touch lower, the cross continues to hold in narrow ranges today.
  • NZ Tsy Noted that GDP growth will remain subdued for a long time, also saying that the path to lower inflation is unlikely to be smooth.
  • A thin docket today leaves wider swings in risk sentiment as the main driver in NZD.

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