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Bearish on NZ swap rates - Westpac Key Quotes: "AUD/NZD 1 day: The disappointing retail sales data has halted the cross’s recent rally, such that it’s looking fairly neutral today around 1.0465. Imre Speizer, analyst at Westpac explained that NZ swap rates have scope to fall further, despite the impressive 40bp decline in the 2yr since late Dec.
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