Rates have been on the move and despite the Fed's claims towards continued hawkish pressure, equity markets have retained considerable strength of late.
NZD/USD may continue to track the negative slope in the 50-Day SMA (0.6271) as the exchange rate appears to be reversing ahead of the monthly high (0.6353).
And there you have it, the closing bell for this Friday, August 12. It's been a positive week all around, especially with the economic data that we've gotten on the inflation front certainly helping investor sentiment.
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