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NZD Rallies Amid Trade Surplus, FOMC Meeting Starts

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    In spite of the strong likelihood of rate cut by the Reserve Bank of New Zealand, traders turned bullish on the Kiwi amid encouraging trade figures. Data showed the year-to-year trade deficit narrowed to NZ$3.13bn in June from NZ$3.62bn in the previous month as exports fell less than expected to[​IMG]

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