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RBNZ to stay on hold for the remainder of 2014 - Westpac

FXStreet (Bali) - The RBNZ is expected to stay on hold for the remainder of 2014, notes Westpac.

Key Quotes

The RBNZ is on hold for the remainder of 2014. That means global factors should dominate. There are early signs the US dollar index has found a medium term base at 79.0. If so, the NZD/USD high of 0.8836 on 7 July should represent the beginning of a major decline into the low 0.80s."

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