Forex News NZD/USD opens lower despite broad USD weakness overnight as traders appear wary of potential rate cut by RBNZ at Thursday's meeting; last 0.7607 vs 0.7618 late yesterday in NZ, fell to 1-week low of 0.7587 offshore. With U.S. stocks trading low, risk-averse investors not keen to pursue high yielders like Kiwi; main downside pressure on NZD appear to be coming from heightened risk of rate cut though most analysts picking RBNZ to stand pat. Grim domestic fundamentals also set to keep Kiwi heavy, support around 0.7550 could be tested next few days.
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