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The Reserve Bank of New Zealand (RBNZ) signaled a potential slowdown in its tightening cycle, leading to a decline in the kiwi (NZD) against major currencies. This policy shift reflects concerns over slowing economic growth and inflationary pressures in the region. Meanwhile, US and Asian stock indices showed modest gains as investors reassessed risk appetite. Precious metals remained in consolidation mode, and Canadian inflation data came in slightly below expectations, adding to mixed market sentiment.
