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Guilt by association takes Aussie down with the Kiwi

From tradingfloor.com

This week contains some key economic releases out of the US that will impact on the US dollar one way or the other. Meanwhile it is a light calendar for data in Australia and New Zealand. Traders interested in AUD and NZD can take the USD out of the equation by taking a position in the NZDAUD cross. The Australian dollar had another jolt down last week, with AUDUSD hitting .8750, not far from the 2014 low of .8660 recorded in January. The sharpest fall for the AUD was on Thursday, coinciding with an unexpected statement from New Zealand’s Central Bank governor Graeme Wheeler entitled "New Zealand’s Exchange Rate: ... (full story)

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  • Category: Breaking News