FX Radio: Yields Guide The Dollar Lower, RNBZ Goes In For A Second, Less Successful R

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Key Points

  • NAHB Housing Market Index sets the dollar off on a weak foot.
  • Rate differential look to dominate dollar trade in the absence of fundamentals.
  • RBNZ looks to protect 0.76 with speculation of a second round of intervention this morning.
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John Kicklighter Terri Belkas