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Flash: The trade surplus fell - TD Securities

FXstreet.com (London) - Research teams noted that the trade surplus fell to $NZ157m in April, from $NZ732 in March, below consensus expectation of $NZ500m.

They explained that the weakness was driven both by lower exports and higher imports. Despite a 22% m/m jump in dairy prices, exports eased slightly, likely affected by the North Island drought.

USD/JPY finds support at 101.00

Selling interest in the cross has found strong support around the 101.00 handle once again on Friday, allowing a rebound to the area of 101.65/70 afterwards...
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Flash: Stay long USD, avoid it when positioning in other currencies – Merrill Lynch Bank of America

Fed message this week was to follow the data.
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