NZDUSD to lowest level since mid-August ...Middle East

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NZDUSD to lowest level since mid-August
The USD continues to move higher today, and the NZDUSD is not missing out on the run higher. A chief fundamental catalysts is the the 10-year note yield which is up 10.5 basis points on the day and now up around 55 basis points since the Fed cut. The 2-year yield is up 45 basis points. Banks - not averse to jumping on the higher yield bandwagon despite stellar earnings - has taken the 30 year mortgage up 71 basis points leading the charge to the upside. Maybe JPMorgan will reach and exceed its Net Interest Income targets after all. For the NZDUSD, the RBNZ cut 50 basis points at its last meeting. Of course, the Fed also cut by 50 basis points and although they are recalibrating, the dat

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