The NZD/USD was the weakest performer amongst its peers over the past 24-hours. It trades around 0.8000 currently. Yesterday’s Performance of Services Index and Westpac Consumer Confidence Index provided additional evidence that the NZ economy remains broadly on a very solid footing. This should underpin the NZD/USD over the medium term, in our view. The NZD/USD crept higher to touch 0.8100 last evening before slipping below 0.8000 this morning.
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BNZ