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Kiwi taking the spotlight - Westpac

FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation ABN noted the recent conditions surrounding the Kiwi.

Key Quotes:

NZD/USD has tended higher in NY, from around 0.7735 to 0.7780, with a gyration on the dairy auction result”.

“This saw -0.3% on the overall index but NZ staple whole milk powder rose 1.6% to $2522/tonne. Then the kiwi bounced on the New Zealand Q3 employment data”.

“The 5.4% unemployment rate and 0.8% q/q gain in jobs were right on Westpac forecasts but stronger than consensus of 5.5% and 0.6%”.

“NZD/USD squeezed from 0.7770 to 0.7825, knocking AUD/NZD from 1.1235 to 1.1170”.

AUD/USD: Key levels holding up so far - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale explained and noted that the RBA left rates on hold - and will keep them there.
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