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Westpac: Potential To Hit 1.08 In Short Term

AUDNZD

Westpac note that "elevated global risk sentiment amid vaccine deployment and China's economic outperformance are benefitting the AUD more than the NZD. Iron ore's spectacular performance appears to have been belatedly priced into the cross. There's potential to reach 1.0800 during the month ahead, and even higher multi-month if some RBNZ easing is repriced into the NZD in Q1 next year."

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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