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The RBNZ's new PTA was formally announced......>

KIWI
KIWI: The RBNZ's new PTA was formally announced overnight, and confirmed that
the central bank is now expected to contribute to supporting "maximum
sustainable employment" alongside its medium term inflation target. New
Zealand's Feb Trade data also surprised markets with a surplus of NZ217mn, but
witnessed minimal react. A generally weaker USD throughout Asia was seen the
catalyst as kiwi squeezed from NZ$0.7229 to NZ0.7278. Light profit take sales
eased ahead of Europe, before dip buyers emerged with a move to extended session
highs of NZ$0.7285. Initial resistance is seen at NZ$0.7308 (76.4%
NZ$0.7355-0.7154), a break opens NZ$0.7355 (Mar13 high). 

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