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TDUX
Nov 10 - 05:55 PM
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NZD/USD - Turns Lower As Hot U.S. CPI Stokes Rate Hike Anxiety

By James Connell  —  Nov 10 - 04:10 PM

• NZD/USD -0.8% from Tue 0.5649 high after Fed rate hike bets firm markedly

• Fed Governor Christopher Waller flags possibility of 50 bps hike

• Futures pricing now implies 88% probability of 25 bps Fed hike on Dec 9

• U.S. Oct core CPI +0.3% m/m (poll 0.2%), headline CPI +0.4% m/m (poll 0.3%)

• NZD appears to be resuming downside bias, targets 0.5485 support zone

• NZ Oct electronic card retail sales due Thur (prior -0.4% m/m, +0.9% y/y)

• NZ PM Luxon likely to retain power, but may need more minor party support

• Range NZ 0.55915-0.56045, support 0.5485, resistance 0.5710 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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