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We had NZ data earlier, pointing to continued RBNZ rate cuts:
NZD/USD has continued to slide after that data. AUD dropping also.
Am I going to get sent to the naughty corner if I suggest the two are being pummelled because it looks likely that the Federal Reserve is NOT going to be cutting aggressively ahead ….?
Other factors also, but I reckon that might be a biggie.
This article was written by Eamonn Sheridan at www.forexlive.com.
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