The NZD/USD spent most of last week bouncing around in a sideways 0.8460-0.8580 range as global risk sentiment ebbed and flowed. On Friday, an upbeat US jobs report re-established faith in US and global recoveries, bolstering risk appetite, commodity prices, and ‘high-beta’ currencies like the NZD and AUD. The more optimistic backdrop carried the NZD/USD from below 08500 up to around 0.8540.
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