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NZDUSD has benefitted from the broader USD.....>

KIWI
KIWI: NZDUSD has benefitted from the broader USD weakness evident in
Asia-Pacific hours, to last trade 20 ticks better off at 0.7225. While AUDNZD is
broadly unchanged at 1.0675.
- The outgoing RBNZ interim Gov. Spencer noted that the central bank should
maintain its focus on the 2% inflation goal. Those comments came ahead of the
new PTA, due to be announced on Monday, with expectations for the inclusion of
an employment mandate. As a reminder Adrian Orr will assume the role of Governor
next week.
- Despite the NZDUSD bounce ahead of the of key WMAs at 0.7122-37 the pair has
remained capped ahead of the 21 & 55-DMAs. Bulls need a close above the 55-DMA
(0.7282) to shift initial focus back to 0.7315-54.
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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