The NZD topped the G10 leaderboard overnight, thoughlagged gains among emerging market currencies. It is 0.3%stronger against the USD at 0.8790. The kiwi was on the up along with the AUD over much ofthe past 24 hours, with high-yielding currencies generallyoutperforming as US bond yields declined. A brief bliplower on headline weakness in yesterday’s QSBO was reversed fairly easily.
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