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      Negative bias persists in NZD/USD – Westpac

      FXStreet (Edinburgh) - Strategists at Westpac Global Strategy Group keep the bearish stance on the Kiwi.

      Key Quotes

      “We retain a negative bias toward NZD/USD, targeting a test of 0.8400 during the next few weeks”.

      “Although NZ’s recent negative domestic news appears to have been fully digested (witness NZ swap yields consolidating during the past few days), US dollar sentiment remains solid and RBNZ intervention remains a background risk”.

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      Pablo Piovano, Economist and Lead European Editor at FXStreet believes that the ECB will remain on hold today, but that Draghi's press conference following the interest rate announcement might bring some details on the central bank's further moves.
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      The single currency is prolonging its bounce off session lows near 1.3360, now pushing the EUR/USD to the vicinity of 1.3380....
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