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Market Sees Another Day of Short Selling, Rate Hike Odds Rise

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NZD
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The market saw another day of short selling, with gold losing $124 and silver losing $2.40.

The odds of a rate hike in September rose to .68%, causing the dollar to move on the news.

The Reserve Bank of New Zealand (RBNZ) hiked its official cash rate 25 Basis Points to 2.75% last night, while Australia's GDP rose 0.4% QoQ in the second quarter.

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