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The Opening Bell: Where currencies start on Tuesday, November 7, 2017
The NZDUSD opens at 0.6922 (mid-rate) this morning. The NZD recovered overnight after initially slipping lower following yesterday’s inflation expectations data release. The survey conducted by the RBNZ for Q4 proved disappointing with the headline forecast edging down from 2.09% to 2.02%. A lack of tier one economic data has seen currencies trade tight ranges overnight with the EUR the poorest performer of the G10 currencies amid risk aversion brought about by disappointing earnings reports. Germany's factory orders unexpectedly increased in September with the Destatis report revealing factory orders increased by ... (full story)