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NZD down over 1% going into the European session

USD
  • The Dollar is up across G10s going into the European session, overall elevated Yields and some pullbacks in Equities have been supportive.
  • As widely already covered by overnight desks, NZD was and is the poorer performer, following a Dovish hold from the RNBZ overnight.
  • NZDUSD saw its biggest single move since the February US NFP release, falling over 70 pips and extending to test the 0.6100 handle right now, with next immediate support seen at 0.6090.

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