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Fundamental Analysis
NZD/USD
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[QUOTE="ForexSignalses, post: 164149, member: 59138"] [B]NZD/USD Kiwi falls to 6-month low as RBNZ slices rates[/B] The New Zealand dollar remains asleep pressure, a pair has dropped oppressive to 1.0% back Monday. In Wednesdays North American session, NZD/USD is trading at 0.6587, the length of 0.21% on the daylight. On the reprieve front, the Reserve Bank of New Zealand shocked the markets, hostile the benchmark rate from 1.75% to 1.50%. There are no major actions in the U.S. upon the calendar. On Thursday, the U.S. releases producer price index reports and unemployment claims. After Australia's central bank defied expectations upon Wednesday and maintained union rates, the RBNZ followed deed and unexpectedly scuff the benchmark rate by 25 basis points. This marked the first rate scrape back November 2016 and has added to the pressure upon the New Zealand dollar. Earlier upon Wednesday, NZD/USD touched a low of 0.6527, its lowest level back the subside of October. The RNBZ issued a dovish rate statement, saw that the rate scuff was necessary to boost employment and inflation forecasts. Rate-setters noted the uncertainty greater than the global economy and that both global and domestic accrual had slowed since mid-2018, dampening New Zealand's economy. The pronouncement subsidiary that the rate graze provides a more balanced position for mix rates. Adding to the kiwi's troubles this week is the escalation in trade tensions between China and the U.S. On Sunday, U.S President Trump said that the U.S. would raise tariffs upon $200 billion worth of Chinese goods as to the fore as Friday, from 10% to 25%. Chinese officials had said it would withdraw the talks, but this turned out to be a blank threat. Chinese Vice Premier Liu He is scheduled to benefit a Chinese delegation to Washington. Will the other U.S. tariffs be rescinded? Treasury Secretary Steve Munchin said that the tariffs could be canceled following the talks resume. Such a badly feel unwell would kick-begin risk appetite, which would be immense news for the New Zealand dollar. [/QUOTE]
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