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NZD/USD hovers near 200-hour MA ahead of NZ inflation expectations
NZD/USD faced rejection at 0.6658 a few minutes ago and now trades below key SMA. New Zealand's third-quarter inflation expectations data is due at 3:00 GMT. NZD may face selling pressure if inflation expectations drop. NZD/USD is sidelined just below the 200-hour simple moving average at 0.6647 in Asia having printed a high of 0.6674 on Wednesday. The pair reached a multi-month high of 0.6716 on July 31 and witnessed a minor pullback to 0.6575 on Aug. 3 before regaining some composure. The inflation expectations released by the Reserve Bank of New Zealand measure business managers’ expectations of the annual ... (full story)