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Goldman Sachs revises down Australia and New Zealand 2020 GDP forecasts

The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy.

Key projections

Sees Q1 2020 at -0.3% QoQ.

Australia’s 2020 GDP projected at 2.1% vs. 2.4% previous.

Sees New Zealand’s GDP at -0.1% in Q1 and 2.3% for 2020 vs. 2.5% previous forecast.

Apple reopens more than half its retail stores in China after coronavirus closures – SCMP

According to the South China Morning Post (SCMP), 29 of 42 Apple stores in China are re-opening but most of these locations are still operating on sho
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US Dollar Index trades without direction near 99.30

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, looks directionless in the lower bound of the recent range
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