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NZD/USD consolidates in the early Asian session. Pair retreats from the coveted 0.7300 mark on profit-taking. MACD is in overbought zone, signals stretched buying conditions. The NZD/USD pair books modest losses on Thursday, following the previous day’s remarkable move. The pair zoomed from the lows of 0.7725 to touch the multi-month high near 0.7320, accumulating 90-pip movement.
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BEIJING: China‘s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices. It has also asked lenders to completely unwind their existing books for these products, which they manufacture and sell
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