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USD extending its losses in Asia morning trade, EUR/USD to a one week high

The USD has lost more ground across the majors board.

Data from New Zealand earlier confirmed the Q3/Q4 2023 recession and the New Zealand dollar has not been bothered at all, its up against the USD also.

JPY is a bit of a laggard but has managed to just edge to a high against the USD compared with US time.

This article was written by Eamonn Sheridan at www.forexlive.com.

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