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Back Fundamental analysis
NZD/USD: Bullish Potential Remains
The NZD/USD pair retreated from the
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The NZD/USD pair retreated from the highs around 0.6000 following the release of weak retail sales data for the second quarter, which unexpectedly decreased by 0.5%. However, the fundamental picture remains complex: the decline in retail demand is primarily driven by a fuel shock rather than a collapse in domestic consumption, while the market is almost fully pricing in an Reserve Bank of New Zealand rate hike on September 2. Brent crude oil continues to hold above $91 per barrel
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Kuvat Raharjo,
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