After touching below 0.8160 overnight the NZD/USD has returned to trade above 0.8210 this morning. There was little on the domestic agenda to drive the currency yesterday, which shuffled sideways for most of the day. Overnight it was jostled a bit by moves in the USD but has returned to trade just below 0.8220 currently. The NZD has strengthened relative to the GBP but weakened relative to the EUR overnight. While the NZD/GBP attempted to probe below 0.5000 again, this proved unsuccessful and this cross has returned to trade at 0.5030 this morning.
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BNZ