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Reversal signals suggest Kiwi dollar is set for a rebound
Geopolitical tensions took a positive turn yesterday as dovish words from Russian President Putin over the conflict in eastern Ukraine and a the process for a change of prime minister in Iraq allowed the markets to breathe easier. Despite sluggish GDP figures from the Eurozone and a surprise jump in weekly jobless data, Wall Street markets posted another solid gain. With Asian markets also solid overnight, European indices have taken on a mildly positive outlook at the open. The words of Vladimir Putin in Crimea concerning the conflict between the Ukrainian government and pro-Russian separatists had a mildly positive ... (full story)