In fairly quiet Friday evening markets, the NZD/USD followed the AUD/USD higher, to end the week at 0.8040. The catalyst for local currency markets came from the release of Chinese data early Friday evening. Allaying market fears, the July data releases were broadly consistent with stabilising Chinese growth in 2H. The data set the AUD/USD on an upward path for the night. The NZD/USD was happy to ride on its coat-tails, to end the week at 0.8040.
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