NZD/USD will remain under the gun of sellers today as yield interest in Kiwi fails to make comeback, looks unlikely in near term, says ANZ Bank; tips support at technical level of 0.7777 to be critical today.
Notes with Kiwi briefly breaching important support of 0.7806 overnight, pair now vulnerable.
Plus weak commodities and euro's steep losses overnight also weighing. "If this combination continues - and the tenor of official NZ data turns out as lead indicators suggest - the bird (Kiwi) looks set to continue riding down the elevator."
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