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NZD/USD: Intraday Analysis & Forecast update

The U.S. dollar held steady on Friday as traders weighed how surprisingly strong economic growth data would impact the Federal Reserve’s rate path and awaited a key inflation gauge later in the day for more clues.

The euro, meanwhile, was on the backfoot as traders ramped up bets of a rate cut in April after the European Central Bank’s (ECB) latest monetary policy meeting on Thursday.

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