Forex News NZD/USD trades lower early after slipping to 11-day low of 0.7573 overnight on across-the-board USD gains; has recovered somewhat though rallies attracting selling interest as investors remain nervous of possible RBNZ rate cut tomorrow; with no local data on tap today Kiwi likely to remain trapped in ranges, unlikely to trade outside broad 0.7575 to 0.7750 range of past week. Bias remains to downside given continuing deterioration of domestic fundamentals, lower rates outlook. Last 0.7596 vs 0.7608 late in NZ yesterday.
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