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The Kiwi’s slide has been one that hasn’t been seen in a while, with NZDUSD dropping 2% in just two sessions. The pair had initially climbed ahead of the FOMC, driven by dovish concerns around the Fed and sudden Dollar-hedging that briefly pressured the DXY (sending the US Dollar down, hence the pair shooting upwards). […]

The post NZDUSD Weakens Sharply After FOMC, Losing 2% in Two Days appeared first on Action Forex.

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