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Market Update: NZX Attempts Rebound

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Market Update: NZX Attempts Rebound
New Zealand’s benchmark S&P/NZX 50 index traded slightly higher on Tuesday, attempting a recovery from a 0.5% loss in the previous session tracking a strong Wall Street session overnight. Also, traders highly expect that the Reserve Bank of New Zealand will raise the OCR interest rates to 0.5% from 0.25% when they announce their rate decision on August 18th. [/s2If]
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