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NZD/USD last trades at $0.6823, 22 pips........>

KIWI
KIWI: NZD/USD last trades at $0.6823, 22 pips higher on the day, supported by
WSJ & BBG reports suggesting the the U.S. and China are close to signing a trade
deal, which would remove most or all of U.S. tariffs, should China meet a set of
requirements, including better IP protection & conducting purchases of American
goods.
- The rate dropped 7 pips Friday, as USD managed to jump to the top of the G10
leaderboard, drawing support from higher Tsy yields, after being weighed on by
weaker than exp. ISM, U. of Mich. sentiment & Markit m'fing PMI.
- Bulls need a break above Friday's peak at $0.6839 before challenging $0.6853,
which capped gains last Thursday. On the downside, initial focus falls on the
50-DMA/Friday's low/55-DMA at $0.6795/94/93.
- NZ focus this week turns to NZ Q4 manufacturing data due Friday.

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