The NZD/USD has continued to trade choppily inside the familiar 0.8270-0.8340 range over the past 24 hours, as US fiscal uncertainty continues to buffet markets. The currency opens the local session towards the bottom endof this range, thanks to a late session fight back in the USD. Yesterday’s NZIER business survey was NZD positive to the extent it was consistent with above trend GDP growth. The various business confidence measures hit all sorts of multi-year highs.
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