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NZD/USD last deals at $0.6782, a touch.........>

KIWI
KIWI: NZD/USD last deals at $0.6782, a touch higher on the day. Bulls initially
eye the 100-DMA at $0.6812, while bears look to the 200-DMA at $0.6735.
- Yesterday's NY/Asia crossover saw NZD weighed on by a soft domestic ANZ
business confidence reading, which came in against the backdrop of a broader
risk-off feel.
- Nevertheless, positive signals re: Sino-U.S. trade talks allowed NZD/USD to
more than erase prior losses and climb to the intraday high of $0.6828.
- The rate then eased off steadily through the rest of the day, as broader
greenback strength came to the fore, while comments from RBNZ Gov Orr added some
weight to NZD late in the day, allowing the pair to finish 20 pips worse off.
- BBG sources claim that Orr's remark that the RBNZ's recent "easing bias is the
starting point for deliberations of the new MPC" triggered kiwi sales.
- Elsewhere, Orr's appearance was devoted to the new RBNZ MonPol framework. As a
reminder, the next policy decision will be delivered by the new MPC, which will
include four RBNZ internal members and three external members, appointed
yesterday.

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