The NZD was among the worst performers on Friday, albeitin an evening where major currencies were little changed. NZD/USD closed 0.2% lower at 0.8740.On Thursday, the currency’s resilience saw it outperformother majors to regain most of its losses against the USDafter the strong US employment report. While we wouldn’tread too much into Friday’s decline, we suspect that profittakingwas a motive, given NZD/USD’s failure to breach0.8800 for a second consecutive week.
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