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China’s Policy Banks Need Capital Boost In Growth Push


(H3) Short-Term Trend Needle Points South


(H3) Bear Threat Remains Present


(H3) Bearish Outlook

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Westpac Aiming Higher In NZD/USD


Westpac note that "yield spreads have jumped in the NZD's favour following strong inflation data, and NZD/USD appears well on track to reach the $0.7465 high, last seen in February, by year end. The NZ economy remains on a solid footing and activity should jump once Covid restrictions are relaxed (expected before December), the RBNZ will lead NZ-U.S. yield spreads higher, and commodity prices retain a positive outlook."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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