"The Kremlin has said Tillerson would not meet Putin during this trip, although some Russian media have reported that such a meeting may nevertheless take place."
— Steve Scherer and Andrew Osborn, Reuters
Pair's Outlook
During the first half of Tuesday's trading session the Kiwi had retreated against the US Dollar to trade near the previous session's opening price. The previously expected fall of the NZD/USD currency exchange rate did not occur, as the rate rebounded near the 0.6920 level to once more test the weekly PP, which is located at the 0.6964 level. The Kiwi is still set to decline against the US Dollar, however, it seems that the currency exchange rate will do so only by being guided by the long term down-trend line.
Traders' Sentiment
SWFX traders have increased their bullish outlook, as 62% of open positions are long, compared to 57% on Monday. Meanwhile, 53% of trader set up orders are to buy the Kiwi.
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