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The NZD/USD cross came under pressure from.....>

KIWI
KIWI: The NZD/USD cross came under pressure from the dent in risk sentiment &
gyrations in the yuan, before recovering to last trade at $0.6755.
- The pair printed a low of $0.6720 overnight, just above the low from July 13
($0.6711), with bears still focused on the YtD low ($0.6688). Initial resistance
comes in the form of the 21-DMA ($0.6792).
- Participants now look to the release of NZ trade data, due next week.
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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