Flash: NZD/USD upside risks surface – BNZ

“We revised down our NZD/USD forecasts on Friday, but identified upside risks from speculative positioning and supportive domestic fundamentals.” notes the BNZ Research Team.
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AUD/NZD unchanged around the 1.18 handle

In a very slow start of 3Q in the Asia-Pacific, the AUD/NZD cross is last trading at 1.1795, off recent session lows at 1.1785, just 1 day away from RBA meeting tomorrow. The cross is down -5.95% year to date.
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