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Japan -1.25%. China -0.55%. Hong Kong -1.61%. Australia -1.62%. Australian data - Westpac Leading Index for August -0.05% m/m (prior -0.17%).India +0.02%. Overnight in the U.S., the.
4/22/2021 9:56:37 PM GMT | By Anil Panchal
NZD/USD remains depressed following the heaviest drop in over two weeks.
Chatters over US President Biden’s proposal for higher capital gains drowned risks.
Covid, geopolitical headlines also heavy the sentiment, US data, ECB had a little fanfare.
New Zealand Credit Card Spending, Aussie PMI will decorate calendar, risk catalyst will be the key.
NZD/USD defends 0.7150, despite fading bounce off three-day low, while taking rounds to 0.7160-65 amid the initial Asian trading session on Friday. The kiwi pair dropped the most in 12 days on Thursday as risk aversion roiled market sentiment after US President Joe Biden proposed higher capital gains for wealthier Americans.