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Daily Alert: USD hits 20-year highs, NZD/USD to 2-year lows

  • Local equity and wholesale interest rate markets are set to open under downward pressure this morning after recession fears again gripped financial markets overnight
  • Risk sentiment has soured across most markets with the main share indices down 0.3-2.7%
  • Commodity prices have posted steep declines, reflecting both fears about global demand and a strengthening USD

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