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Free AccessNZD/USD extends yesterday's losses as we.......>
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
global pandemic.
- 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.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.