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Thomson Reuters 2016. All rights reserved.
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| Currency | Today's View | 24 Jul 2017 |
|---|---|---|
| EUR | Neutral | |
| Market Trend | ||
| New Zealand Finance Minister Steven.Joyce said on Friday that although a strong NZD erodes its export earnings, it allows New Zealand enterprises to purchase factories and machines abroad at lower costs, and consumers can be benefited from the low import inflation levels. Steven.Joyce said local companies are performing well at the current exchange rate level, while New Zealand's economy is more robust relative to other countries. His remarks has been interpreted as a strong NZD is no longer the local economic growth barriers. NZD strengthened afterwards, and broke throw $74 cents resistance level. | ||
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