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NZ dollar slips, futures rally as data flags downside risks to inflation

From nasdaq.com

The New Zealand dollar slipped on Wednesday after partial price data showed that inflation could be easing more than expected in the final quarter, suggesting the central bank may not have to follow up on its threat to hike anymore, sending futures higher. Traders are also awaiting the outcomes from a Federal Reserve policy meeting later in the day after a key U.S. inflation report failed to move the dial much for easing expectations next year. The kiwi NZD=D3 fell 0.4% to $0.6107, nearing a two-week low. It managed a small gain of 0.2% overnight in a choppy response to U.S data showing that core consumer prices ... (full story)

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  • Category: Fundamental Analysis