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Westpac write "the RBNZ has demonstrated its...>

KIWI
KIWI: Westpac write "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,
with 0.6130 possible over the next few months."
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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