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New Zealand Dollar: Downside risks grow against US Dollar – Societe Generale

Societe Generale analysts note that NZD/USD is testing the lower boundary of its multi-month range at 0.5560/0.5550 following the RBNZ's decision to hold the OCR at 2.75%, despite expectations of a 25bp hike.

New Zealand Dollar: Downside risks grow against US Dollar – Societe Generale

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