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NZD/USD looks for clear direction near 2-week high, US-China headlines on the radar

8 monthes ago   |   By FXCM

NZD/USD seesaws near two weeks high amid a lack of fresh clues.
Upbeat GDT, recovery in Antipodeans previously ignored doubts over the US-China trade deal.
Reports that BNZ bumped up Fonterra milk price forecast for 2019/20 keeps the bulls hopeful.
While the upbeat sentiment of the dairy producers and an overall short covering move in commodity-linked currencies recently propelled the NZD/USD pair towards a two week high, the Kiwi pair struggles for direction around 0.6430 at the start of Wednesday's Asian session.
New Zealand's GDT Price Index recently crossed a 1.6% forecast with 1.7%...
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