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FXstreet.com (Barcelona) - New Zealand supervision forecasts are out. The country expects a budget excess of NZ$197 million in 2014-15. According to NZ Resources, the economy forecast is for growth of 2.6% year to Cortege 2013 vs prior forecast of 2.8%; The econ forecast is tumour at a pace of 3.4% year to March 2014 vs 3.8% one-time forecast. NZ Treasury has hinted RBNZ rate hikes during the first shelter of 2013. NZD/USD trade a tad softer around the magnetic 0.7500 globelike number after intra-day highs at 0.7525. According to Imre Speizer, FX Strategist at Westpac: "The selloff since 1 May should advance now to at least 0.7370 (25 Nov low) and possibly to 0.7000 during the month winning. A corrective bounce to the 0.7650-0.7850 area is expected during the week onwards given its currently oversold reading, providing another occasion to enter shorts."
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Euro zone investor esprit de corps surged [ID:nBAF004203] while German exports rose more than forecast. [ID:nLDE6780BD] (Reporting by Steven C. Johnson and Wanfeng |
Technological's, Weekly Spotlight, and Forex Trading Weekly Forecast DailyFX provides forex news on the money-making reports and political events that influence the
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Economists forecast a unconditional job loss of 65000 in July, following a fall of 125000 in June. On Thursday, the US Labor Responsibility reported that the number of |
