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NZD and other risk associated currencies have tracked higher off the weekly open; AUD continues its merry way south against the NZD
The New Zealand (NZD) and other risk associated currencies have tracked higher off the weekly open against the US Dollar (USD) to 0.6910 currently. After President Trump was cleared of his Russian collusion investigation sentiment improved. Time now we expect will be spent on further cementing a proper US/China trade deal, the timing couldn't be better for the president, he may hold a tougher stance in trade discussions as he now isn’t as desperate for a policy win. Tomorrow’s RBNZ cash rate announcement will hold local interest with the rate expected to remain unchanged at 1.75% for a while longer - Adrian ... (full story)