The NZD was the weakest performing currency over thepast 24-hours, down 0.7% against the USD.The currency was fairly stable until the release of the RBAminutes yesterday afternoon (see Majors). It was thendragged lower with the AUD/USD as the AUD’s initial pophigher was pared back. However, unlike the AUD, the NZDfailed to bounce off its overnight lows. It remains just abovethe 0.8300 level this morning.
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