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    NZD/USD: inflation forecasts have dropped the "kiwi" on 24.02.2015

    NZD/USD started this trading week at about 0.7520 (50% Fibonacci retracement), but the NZ currency has lost more than 80 points today. The fall is provoked by the Reserve Bank of New Zealand's report on the first quarter of this year. Market participants felt disappointed as the report suggested that inflation could drop below the key level of 2.0% in the first quarter for the first time in many years and then reach a level of 1.8%. 


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