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Light red in the Asia-Pacific

FXstreet.com (Barcelona) - Local share markets are having small losses overall, with Nikkei index switching into loses from an initial positive start, down -0.21% last following wider than expected Japan trade deficit, also dragged lower by a stronger Yen.

Both Hong-Kong's Hang-Seng and Shanghai Composite index are lower by about -0.28% at the moment, while Korean Kospi is down -0.21% and Australian ASX is about to break even down -0.04% following worst Australian new motor vehicle sales data in 2 years.

AUD/NZD, favored by a series of unfortunate events; reaching 1.353 intraday highs

AUD/NZD has accumulated 0.21% daily gains so far against a weaker NZD, breaking immediate resistance at 1.1337 and heading upward. The pair remains trading on 5-year lows but a potential reversal may be forming post 1.1200 zone rebound at the end of July.
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