Technical Analysis – Currency of the Day: NZD/USD October 23, 2014, 07:30 GMT, by Maria

    The kiwi was set for the largest drop in three weeks after a report showed the consumer price index tumbled to 1%. Softer-than-expected inflation data made investors believe that the Reserve Bank of New Zealand may further delay its next interest rate hike. The pair dropped over 1% below 0.79 and it …

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Top headlines:   • The ECB is to publish the stress test outcome for 130 Eurozone banks on Sunday • Upbeat US inflation data boosted the dollar • The euro declined broadly on fears of additionally monetary easing from the ECB • Weak New Zealand inflation data demoted the kiwi • Bank of Canada’s …