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NZD/USD unwound all of its early session.......>

KIWI
KIWI: NZD/USD unwound all of its early session losses to trade a shade higher,
at ~$0.6645 last.
- Early session comments from RBNZ Gov. Orr were mainly reiterations and didn't
offer much fresh insight into MonPol, as he noted that the RBNZ is in no rush to
hike interest rates, and that he cannot rule out a cut, although he did
reiterate the Bank's balanced outlook re: the OCR.
- The rate largely ignored the latest NZ trade balance release.
- Bulls need to overcome the 21 Aug high ($0.6720), while the early move lower
resulted in a look below the 21 Aug low ($0.6627), additional support is noted
at $0.6611 followed by interest at the figure ($0.6600).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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