The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift sentiment.
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The Dow Jones index pulled back for a second day while the Nasdaq 100 index gained 0.5% in a wake of Covid lockdowns. The Nikkei 225 and ASX 200 fell amid souring sentiment across the Asia-Pacific.
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The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.
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The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.
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Educ Arte Económico 