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NZD/USD last sits at $0.6378, marginally.......>

KIWI
KIWI: NZD/USD last sits at $0.6378, marginally lower on the day. 
- Speaking earlier today, RBNZ Gov Orr said that interest rates need to remain
low for an extended period of time and that he expects NZ economy to recover
over 2020. He added that unconventional MonPol tools are "outside any core
forecast, but still possible." 
- Elsewhere, BusinessNZ Manufacturing PMI returned to expansionary territory and
printed at 52.6 vs. the upgraded prior reading of 48.8.
- This comes after weak Australian and Chinese data pressured the kiwi in
yesterday's Asia-Pac session, with NZD/USD extending its slide in London/NY
hours. A slight recovery into the close allowed the pair to finish off lows.
- Bears would be pleased by a fall below the 50-DMA/trendline support at
$0.6345/38, which would open the Nov 8 trough at $0.6322. Bulls keep an eye on
$0.6419, where the rate peaked yesterday. Above exposes the 100-DMA at $0.6441.
- The focus next week turns to New Zealand's PPI data (Tuesday) and credit card
spending (Thursday). Furthermore, there is a GDT auction scheduled for Tuesday.

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