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Kiwi Kneecapped By Downgrade

posted by Avatar fx360 1045 days ago in Technical, GDP

The kiwi was kneecapped in midday Asian trade after Fitch ratings downgraded its outlook on the nation’s economy noting that it was concerned about the outlook for growth and the large current account deficit. Fitch however reaffirmed its AA+ – its second highest level – on New Zealand’s foreign currency rating. Ironically enough the downgrade came
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