The NZD failed to breach the post-float high against theUSD yesterday, falling just three points shy. Nevertheless,NZD/USD remains elevated, effectively unchanged for theday at 0.8820.The NZD/USD remains poised for another crack at thehigh, though in the absence of any potential triggers, it maybe frustrated today. Also weighing against a topside breakis an overlay of risk aversion across markets.
Read the full report: FX Daily