The NZD was the only major currency not to strengthenrelative to the USD on Friday. It ended the week around0.8780. Currency markets were relatively directionless on Fridaynight although USD weakness was the pervading theme.However, the NZD/USD was reluctant to push onto newhighs. From early evening highs around 0.8790 theNZD/USD dipped to intra-night lows below 0.8760. It thencrawled back up to 0.8780, the level that it trades at thismorning.
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