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Breaking: RBNZ considering raising bank capital, Kiwi falls sharply to 0.6800

The Reserve Bank of New Zealand (RBNZ) reported earlier today that it is consulting on a proposal to raise the amount of capital that banks must hold.

The NZD/USD pair is seen sinking 0.70% to 0.6800 levels in a delayed reaction to the above headlines.

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As noted by a Reuters poll of economists, odds of a US recession have risen to 40% as markets readjust their views. Key quotes The probability of a
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PBOC injects CNY 286 bn through MLF

The People's Bank of China (PBOC) injects 286bn Yuan via 1-year medium term lending facility (MLF) at the rate of 3.3%, unchanged from the previous.
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