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Daily Alert: NZD/USD tumbles ¾ cent, Lords test evenly poised

  • The most eye-catching development overnight, apart from Devon Conway’s stunning 200 on debut at Lords, has been a sharp sell-off in the NZ dollar.
  • Yesterday’s slug of antipodean data provided another welcome dose of economic warmth.
  • Locally, we expect this morning’s NZ Q1 construction activity numbers to lift 2.8% - bouncing back from the previous quarter’s 1.5% fall.

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