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NZD/USD: upward correction may not last long on 24.06.2015

Since the end of March the pair NZD/USD has been trading in a downward channel and this Tuesday reached its minimum level 0.6815 since July 2010. The downtrend was triggered by RBNZ decision on interest rate reduction from 3.50% to 3.25%, as well as by weak Q1 GDP, which grew only by 0.2% vs. 0.6% forecast.

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