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The services sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.2.

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NZD/USD rose in the aftermath of a softer US dollar post-CPI. NZD weighed down by proximity to China as US-China tensions flare up.

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The Federal Open Market Committee (FOMC) Minutes may drag on the US Dollar should the central bank show a greater willingness to implement smaller rate hikes.
The daily price is on ranging near and around Weekly Pivot at 105.88 for the possible bearish rebersal to be started or for the bullish trend to be continuing.
Conslusion: neutral waiting for direction.

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The fundamental forecast for the Euro next week is neutral as the US CPI bounce fades.
The daily price is on ranging near and below Ichimoku cloud for trying to cross the resistance level at 1.0368 to above for the primary daily bullish reversal. Alternatively, the price will be on secondary ranging waiting for the direction of the strong trend to be started.

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Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July.

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