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- NZD/USD set to extend its slide during the next week – Westpac
NZD/USD set to extend its slide during the next week – Westpac
NZD/USD is grinding lower towards 0.60. Global risk sentiment and the strong USD continue to weigh on the kiwi, ecoomists at Westpac report.
NZ CPI next week could cause a minor bounce
“NZD/USD is grinding lower towards the 0.60 area, where we expect some congestion.”
“The main drivers of NZD/USD at present remain global risk sentiment and the US dollar, with both arguing for further NZD/USD downside during the week ahead at least.”
“NZ CPI data next week could follow the global script, and beat expectations, which would support the NZD on the day.”
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