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The New Zealand dollar was down only slightly in Asian and European trade and vastly outperformed the other antipodeans. Tomorrow is the RBNZ meeting with most market participants anticipating a rate cut, but the most recent data from New Zealand has been surprisingly strong. Last night's Truckometer readings and manufacturing activity led some analysts to revise GDP growth from 0.5% to 0.8%.
Thank you! Nice and very clear. Hi, SIgnalSwiss, is there any possibility that SNB will devaluate CHF very soon? Because I'm expecting they will attack the fx market again. Could be a huge shock move of EUR and USdollar and the global stock markets. I'm not sure which way those markets will go could be pushing up inflation or support USdollar to press inflation.
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