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NZD/USD advanced almost 20 pips Tuesday &......>

KIWI
KIWI: NZD/USD advanced almost 20 pips Tuesday & last sits at $0.6785. 
- Optimistic headlines re: global trade lent support to the Kiwi Tuesday with
NZD/USD posting a knee-jerk spike higher on the back of optimistic trade
comments from Chinese Foreign Ministry (although initial impact faded away as
wires clarified that the comments were in reference to a phone call between the
two leaders on Nov1). Elsewhere, U.S. top econ adviser Kudlow & China's VP Liu
also raised hopes for normalising trade relations. 
- AUD/NZD deals at NZ$1.0649 at writing, away from session lows. 
- USD/NZD bulls need to jump back onto the $0.6800 handle before challenging
yesterday's highs of $0.6810, while bears look to a break below the
21-DMA/yesterday's low at $0.6757/54, hoping to regain some downside impetus. 
- NZ highlights this week include ANZ biz. confidence & building permits due
Friday.

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