After putting up a something of a fight yesterday, the NZD sell-off resumed overnight. In fact, the NZD/USD’s ¾ of a cent slide (to 0.8350) has been enough for the kiwi to take out the title of the weakest performing G10 currency of the past 24 hours.The good vibe from yesterday’s solid Chinese manufacturing numbers (October Flash PMI rose from 50.2 to 50.9 – a 7 month high) didn’t prop up the NZD and AUD for long. The Australasian currencies both lost ground overnight; the AUD/USD sliding just short of ½ cent to 0.9620, and the NZD/USD falling ¾ cent to 0.8350.
Read the full report: FX Daily
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