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Forex Flash: NZD should remain popular vs. AUD and USD – Westpac

FXstreet.com (Barcelona) - In New Zealand, the most important data release of next week is Q1 unemployment on Thursday. Secondary releases include private wages (Tuesday) and QV house prices (Thursday). RBNZ Governor Wheeler will release the first Financial Stability Report of the year on Wednesday.

According to Global FX Strategist Sean Callow at Westpac, “The NZD/USD remains in an upward trend and is likely to bounce between 83 and 87 cents during the month ahead.

Barring a global shock, the NZD should continue to be supported by positive growth outlook and a resurgence in inward bond investment – the NZD should remain popular vs. USD and AUD.”

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UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
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The EUR/CAD failed to hold at 1.3250 and breached below the 1.3200 mark with ECB Draghi’s willingness to do “anything” in his power to act accordingly to the economy’s needs, including to lower the deposit rate into negative figures. The EUR/CAD fell to as low as 1.3154 and remains around its lows. It’s being rumored that the BoC will announce its new Governor at 20:00 GMT.
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