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Flash: RBNZ’s survey of 2yr inflation lowest level since Q4 1999 – TD Securities

FXstreet.com (London) - Research teams at TD Securities noted that the net migration doubled to 4,960 in April, from 2,460, on a 12m cumulative basis and said this was a positive for domestic demand.

Separately, the RBNZ’s survey of 2yr inflation expectations eased from 2.2% to 2.1% in Q2, the lowest level since Q4 1999. They said that theese aren’t too low and inflation expectations have merely come down to a level consistent with the RBNZ’s inflation target of 2%.

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After bottoming in the boundaries of 1.2850, the single currency is now picking up pace and regaining the area around 1.2865/70 albeit trading in the red territory...
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Spain sells short-term debt at higher yields

The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 3.511 billion euro worth of 3- and 9- month bills, exceeding the maximum target of 2.5-3.5 billion euros.
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