The NZD/USD sits a little lower at 0.8700 this morning,having made intra-night highs above 0.8740.The NZD did not show much response to yet anotherstrong domestic data point yesterday. The seasonallyadjusted BNZ PMI for March was 58.4. This was 1.9points higher than February and the highest level ofactivity since July 2013. The sector has now been inexpansion for nineteen consecutive months.
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