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As the Kiwi Turns…

From tradestation.com

While all eyes are on the Fed (both Minutes and the post-close speech) I am also watching another currency that is flying under the radar: The New Zealand dollar. The kiwi has been the strongest of the three comm-dolls and while I am and continue to look for ways to sell both the aussie and loonie, the kiwi is another story. While the disappointing Chinese export data weighed heavily on the kiwi and aussie, it was comments from the NZ finance minister Bill English buoyed the currency before the Chinese data sell-off: “New Zealanders think they are going to have 5 percent rates forever…well they aren’t. They are going ... (full story)

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