In a quiet night the NZD/USD has traded sideways above0.8260.In the absence of key domestic or offshore data releasesthere has been little to provide direction for the NZD. Infairly bland markets, benchmark equity indices and bondswere relatively flat. Our global risk appetite index (scale 0-100%) remains around 58%. The NZD/USD traded anarrow path between 0.8260 and 0.8280 overnight.
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