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Early this morning, NZD slid 0.6% from its open after
its 2Q CPI missed consensus with a print of 0.4%q/q vs. the expected
0.5%. The NZDUSD was seen near the 0.70 handle. The latest print add
to bets on a rate cut which have been revived after RBNZ announced
that there is to be an economic update (excluding a rate review) on
21 Jul. AUDNZD was last seen around 1.07, near 3% higher from 1.04
levels before the announcement was made last week. In the week ahead,
we see scope for USDMYR to fall...
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