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NZDUSD Eyes All Time Highs
The New Zealand dollar held on to Wednesday’s close above 2013 highs on Thursday, and a number of fundamental catalysts point to a medium term continuation of the bullish momentum toward all-time highs. Refocused Attention The catalyst behind yesterday’s break was a dovish tone in the FOMC meeting minutes, as the Fed halted expectations of a near term rate hike and redirected traders’ and investors’ attention towards US economic data. A string of misses across manufacturing, employment and trade balance data has largely been overlooked during the past few weeks, with muted reactions to each, but a renewed ... (full story)