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NZD/USD posted a leg higher on the back of.....>

KIWI
KIWI: NZD/USD posted a leg higher on the back of the latest comments from RBNZ
Asst Gov Hawkesby, but the move has been erased since. 
- The RBNZ official reiterated that the Bank is watching inflation expectations
and expressed confidence of pushing inflation higher after yesterday's 50bps cut
to the OCR. 
- In line with what RBNZ Gov Orr said yesterday, Hawkesby noted that
unconventional policy tools are contingent on whether "inflation tanks," but the
latest rate cut has decreased the chance of deploying them.
- NZD/USD sits at $0.6451, a touch higher on the day. Familiar technical picture
remains in play.

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