Daily FX Wrap and Strategy

The NZD lost ground amid broader USD strengthovernight. The NZD/USD is 0.3% lower this morning at0.8690. With little in the way of relevant market news or data, theNZD looks have simply drifted lower along with the AUD.Both currencies moved largely in tandem against the USDover the past 24 hours. The AUD came off slightly worse,losing 0.4% to 0.9380.

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