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NZD benefitted from the uptick in the RBNZ's...>

KIWI
KIWI: NZD benefitted from the uptick in the RBNZ's 2-Year inflation exp. metric,
which rose to 2.04% in Q3 from 2.01% in Q2. NZD/USD has added 30 or so pips and
cleared initial resistance at Tuesday's high ($0.6756), with the next level of
resistance noted at Friday's high ($0.6766).
- AUD/NZD also managed to move below NZ$1.1000, bolstering the leg higher in the
NZD.
- The RBNZ will issue its latest MonPol decision on Thursday, with no change in
the OCR expected focus will fall on comments from Gov. Wheeler & the latest MPS
(economic projections). Inflation over the medium term looks a little more
questionable, with participants looking for the Bank to re-iterate that it is
clearly on hold, with a degree of 2 way risk in the headlines i.e. the next move
in rates could be up or down.
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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