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The NZDUSD Opens At 0.6399 (mid-rate) This Morning.

News That China Are Encouraging Some Of Their Larger Companies To Resume Industrial Production Is Having A Positive Effect On Markets With Risk Appetite Increasing Over The Past 24-hrs.

Although The Number Of Confirmed Cases Continues To Climb, As Of This Morning There Are More 42,500 Confirmed Cases, China Is Reporting The Daily Rate Of Confirmed Cases Has Fallen By 19% Helping Spark The Increase In Risk Appetite.

This Morning Federal Reserve Chairman Jerome Powell Reiterated That There Would Be No Imminent Changes To Monetary Policy Noting That Uncertainties Around Trade Have Diminished Following The Signing Of The Phase One US-China Trade Deal. Powell Described The US Economy As Resilient To Global Headwinds, With Economic Activity Increasing At A Moderate Pace Over The Second Half Of Last Year. The Fed Are Also Closely Monitoring The Coronavirus Outbreak “which Could Lead To Disruptions In China That Spill Over To The Rest Of The Global Economy," Powell Said.

This Afternoon The RBNZ Are Widely Expected To Keep The OCR Unchanged With Investors Interested In Whether The Accompanying Statement Will Focus On Recent Improvements In Our Economic Data Or The Near-term Risks Around The Coronavirus Outbreak.

Global Equity Markets Have Bouncing Back, - Dow +0.10%, S&P 500 +0.38%, FTSE +0.71%, DAX +0.99%, CAC +0.65%, Nikkei Closed%, Shanghai +0.39%

Gold Prices Are Marginally Lower, Down 0.7% Trading At $1,565 An Ounce. WTI Crude Oil Prices Have Retraced Yesterday’s Fall And Are Currently Up 1.8% At $50.44 A Barrel.

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SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

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Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

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Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

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Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

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Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

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