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NZD/USD: Guess the market must have been short?

NZD/USD: Guess the market must have been short?

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Sean Lee
02/05/2012 | 22:52 GMT

Some pretty poor data out of New Zealand but the NZD has bounced straight back from levels below .8050 to be near pre-data levels. I guess it must be a case of sell-the-rumour-buy-the-fact and is also a good reminder to me why I don’t trade the NZD!

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