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Westpac write that "the RBNZ has...............>

KIWI
KIWI: Westpac write that "the RBNZ has demonstrated its willingness to take bold
steps, which means markets are likely to remain dovishly positioned for some
time. In contrast, the Fed is more measured, which means the NZ-US yield spread
is likely to weigh on NZD/USD. In addition, slowing global growth and trade wars
will be headwinds. All this suggests further downside potential for NZD/USD, our
month-ahead target $0.6250."
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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