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AUD/USD and NZD/USD Fundamental Analysis: Stimulus Needed for More
It is a quiet start to the day for the AUD/USD and NZD/USD on Friday. There are no economic indicators from Australia or New Zealand for investors to consider this morning. The lack of economic indicators will leave investors to respond to the overnight US economic indicators. Producer Price Index numbers from the US supported the consensus that the Fed will end its monetary policy tightening cycle after a final rate hike this month. However, while investors will continue to respond to the overnight US economic indicators, the light economic calendar could put Beijing in the spotlight. Beijing may need to deliver on ... (full story)