NZD/USD catched bid tone on election victory by ruling nationals

NZD/USD trades on a firmer tone in the early going of the Asian session following the victory of New Zealand's ruling national party, which guarantees a third consecutive term for incumbent NZ Prime Minister John Key.
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Specs: Unusually high number of position adjustments - BBH

Marc Chandler, Global Head of Currency Strategy at BBH, reviews the latest changes in speculative positioning in the futures market, noting an unusually high number of significant position adjustments.
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