Daily FX Wrap and Strategy

The NZD/USD was the strongest performing majorcurrency on Friday, which is a bizarre result after a strongUS jobs report.To be fair, the NZD was on the rise leading into US nonfarmpayrolls, out of step with other major currencieswhich were almost uniformly staid. The kiwi simplycontinued to grind higher following the volatility seen afterthe data release. As a result, the NZD/USDclosed 0.3% higher at 0.8660.

Read the full report: FX Daily

 

BNZ