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NZD set for weekly gain after RBNZ surprise

The New Zealand dollar fell slightly on the day but is headed for a 1.2 percent weekly gain after the Reserve Bank surprised the market last Wednesday with a less dovish than expected monetary policy statement.

The New Zealand dollar was trading at 68.26 US cents at 5pm in Wellington from 68.39 at 8am. The traded-weighted index eased to 74.21 points from 74.31.

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