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NEWZ from NEWZealand!

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News from New Zealand. The Kiwi was seen to observe a small bid on the back of the below announcements:


-NZ has boosted its business finance guaranteed scheme

-RBNZ will be extending terms of lending facility from 3 years to 5 years.

-NZ Heath Minister has declared will do what it takes to further lockdown.



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Kiwi recovery may be shortlived...have to eye for coming retrenchment
NZD yesterday was scope for NZD to edge above the strong resistance at 0.6620’ but ‘the next resistance at 0.6660 is unlikely to be challenged.

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