According to Jinshi, analyst Michael Wilson said that the rise of the New Zealand dollar against the US dollar NZD/USD is likely to be short-lived. There are reports that some remaining leveraged longs are happy to cash out at the high of 0.6077 before the release of US CPI data later today. Currently, the New Zealand dollar against the US dollar NZD/USD is stable around 0.6060.
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Analyst Michael Wilson: NZD/USD gains may be short-lived
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