The NZD/USD has outperformed over the past 24-hours asglobal risk appetite has improved. The NZD/USD sits at0.8220 this morning.Yesterday afternoon the NZD/USD dipped to lows below0.8060. However, overnight it benefitted from slightly bettersentiment in global markets. It likely also benefitted byassociation from the stronger AUD after the RBA removedits easing bias (see Majors). The NZD/USD sits at 0.8220this morning comfortably back within the 0.8100-0.8400range that has marked its trading in recent months.
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