In the backdrop of broad USD weakness in the early hours of this morning, the NZD/USD has bounced to sit around 0.8030 currently. What was looking like a fairly mundane night for currencies burst into action early this morning. Against the backdrop of broad USD selling the NZD surged from below 0.7950 to touch above 0.8100. Subsequently, as markets have simmered down, it has returned to sit around 0.8030.
Read the full report: FX Daily
BNZ