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Deutsche Bank trade of the week: Sell NZD/USD

NZD/USD opens down 7 pips to 0.6710

Deutsche Bank is light on the reasoning for the call.

"Following the RBNZ disappointment last week, these are good levels to get short given imminent Fed tightening, falling milk prices , reemerging China growth risks and light positioning," Deutsche Bank says as a rationale behind this call.

For more bank trade ideas, check out eFX Plus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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