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RBNZ’s Wheeler: Says interest rate differentials are increasing

FXStreet (Barcelona) - RBNZ’s Wheeler said interest rate differentials are increasing, adding that he would be surprised to see others raising rates this year, while recognizing once again that a higher NZD would be a concern as exporters suffer. He also said that NZD/USD exchange rate in the long run can’t be sustained.

AUD/USD: Impatient longs testing 0.9010 resistance ahead of Aus jobs

Ahead of the Australian jobs data, the AUD/USD is trading on a strong tone, now coming into contact with the critical resistance area 0.9010, where selling interest should prevent the exchange rate from trading much further as most traders/algos await the jobs number to define next direction. What can be said though, is that the market sentiment has shifted significantly, reducing the chances of fading a positive jobs, a risk perceived yesterday when the AUD/USD traded on a pronounced bear sentiment.
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