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FX traders had their crystal ball out this morning it seems, correctly predicting the 0.2% inflation number 20 seconds or so before the data release (market expecting 0.0%). How efficient.
Attachment 8372
Smashed through the topside resistance of 0.7150, should be interesting to see how this trades over 24 hours with a Dairy auction overnight with futures indicating a lift in prices (on reduce volume) which should see the kiwi well bid.
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