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NZDUSD has been fairly insulated from the......>

KIWI
KIWI: NZDUSD has been fairly insulated from the collapse in US and global
stocks, with the pair remaining clear of its recent lows despite being pressured
in late NY trading. 
- Despite a brief break below 0.6450 yesterday, the kiwi has regained this level
today and trades at 0.6468, with a break of yesterday's high at 0.6497 needed to
improve the near-term outlook. 
- The country's terms of trade are creating longer-term headwinds, however, with
the Citi TOT index trading at its weakest level since mid-2016. 

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