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Westpac note that "the Fed disappointed........>

KIWI: Westpac note that "the Fed disappointed those hoping for a 50bp rate cut
on 31 July, and the RBNZ should cut the OCR by 25bp today, signalling that more
easing is likely. In addition, the global trade war should eventually weigh on
the NZD. We target $0.6400 for NZD/USD by year-end."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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