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Session Recap: USD recedes but caution persists

The US dollar extended gains versus most competitors during the European session, securing major gains versus commodity currencies which were hurt by weaker-than-expected China Q1 GDP. However, as we approach the US opening, the USD has given up ground versus European currencies. The yen was also strengthened across the board, benefited by its safe haven status.
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Forex: NZD/USD recovers the mark of 0.8489/90

The NZD/USD recovered lost ground off the 0.8470 level during US trading Monday. This proved to mark the trough of the pair’s decent today, as it has been moving higher in moments since. On the heels of economic data in the United States, the cross is now trading at 0.8489/90, whilst still incurring a staggering loss of -0.90%.
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