Daily FX Wrap and Strategy

The NZD/USD sits little changed at 0.8600 this morning,having traded a 0.8580-0.8610 range over the past 24-hours.While the strongest theme in currency markets since thestart of the week has been USD weakness the NZD/USDhas traded a fairly tight range. The kiwi seemed happy toconsolidate its Friday night gains, returning to trade at0.8600 this morning.

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BNZ