The NZD has been the strongest performing currency over the past 24 hours. The NZD/USD has rocketed around a cent higher to 0.7910 while the NZD/JPY has soared from 77.60 to almost 79.00. Global risk aversion eased up overnight, as buoyant service sector data reinforced the notion global growth is picking up. In addition, tensions over military action in Syria haven’t kicked on, evidenced in falling oil prices. Our risk appetite index (scale 0-100%) climbed to 58.6% from 55.5% at the start of the week.
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