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Westpac Flag Near-Term Risks

AUDNZD

Westpac note that "near-term risks remain negative, with RBA vs. RBNZ trajectory in particular, and trade and political tensions between Australia and China, weighing on the cross and dominating Australian commodity outperformance. There's potential for a decline towards NZ$1.04 during the month ahead. By year end, though, we expect to see it starting to recover, back to NZ$1.06."

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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