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The NZD benefitted from the RBNZ's sectoral....>

KIWI
KIWI: The NZD benefitted from the RBNZ's sectoral inflation model accelerating
to a 7-Year high of 1.7% Y/Y in Q2, after the official Q2 CPI print provided a
modest miss against exp. (although it matched the RBNZ's MPS projections).
- NZD/USD has added around 60 pips to last deal at $0.6835, breaking the Jul 10
low ($0.6804) & the 21-DMA ($0.6809) in the process, to register a high of
$0.6841. The next notable level of resistance is some way off at $0.6882.
- AUD/NZD has breached the July 13 low (NZ$1.0893), last NZ$1.0875, bears now
look to the 200-DMA (NZ$1.0861).
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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