The NZD/USD sits a little higher, at 0.8360, this morning. Yesterday’s NZ Performance of Services Index for October moved up to 52.8, a 1.8 point rise from September. The result, similar to last week’s PMI, gives further indications that GDP growth is picking up to an above-trend pace. The NZD/USD crept higher early in last evening, attempting a break of the key resistance level just above 0.8400. However this failed and the NZD/USD drifted lower over the course of the early morning to sit around 0.8360 currently.
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