The NZD/USD has traded a fairly steady path between 0.8550 and 0.8490 over the past 24-hours. It sits at 0.8520 this morning. The NZD has been biding its time as it approaches the more important data release (Thursday’s HLFS) later in the week.
The NZD was fairly range-bound on most crosses, as well as relative to the USD. However, it made further gains relative to a soggy AUD (see Majors). The NZD/AUD has pushed higher to trade at 0.8310 this morning, having touched above 0.8320 overnight. The NZD/AUD now sits close to its highs since early 2009.
Click here to read the full report: FX Daily
NBZ