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KIWI: NZD/USD extends yesterday's losses as we type, last sits just marginally
lower at $0.6266. The rate had a round-trip from an intraday high of $0.6343
yesterday. Lack of clarity re: stimulus measures from the White House allowed it
to start on a firmer note, but it erased those gains later in the day amid
broader risk-off flows, aided as the WHO declared the coronavirus outbreak a
- Bears need the Mar 10 low of $0.6243 to give way before they can target
$0.6014, the worst level printed during the Mar 9 dramatic sell-off. Bulls look
fore a break above yesterday's peak at $0.6343, followed by a move towards the
Mar 10 high of $0.6360.
- BusinessNZ m'fing PMI & Food Price Index will be released out of NZ Friday.