The NZD/USD sits a little higher this morning, at 0.8260,having traded as high as 0.8300 overnight.Broad risk appetite improved overnight, reflected instabilising emerging market currencies and positive equitymarket returns (see Majors). The NZD was a beneficiaryalong with the AUD. The NZD/USD was on the ascendancyearly in the evening, before losing steam in the early hoursof this morning. It now trades below its intra-night highs, at0.8260 currently.
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