Forex News: NZD/USD opens slightly stronger at 0.7721 vs 0.7714 late yesterday in NZ. Bank of NZ FX strategist Danica Hampton says Kiwi strength hard to explain, in particular given stronger USD; "because people aren't really sure why it is holding up so well, that makes them reluctant to sell." Says there might be global market players looking at 2Q headline inflation number and thinking it might stop RBNZ from cutting rates. Says once market realizes rate cuts are still on agenda, "the currency has scope for more decline." Tips initial resistance at 0.7740, support 0.7670-0.7680. Pair last 0.7717
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