The NZD/USD traded a tight range on Friday, to end theweek only slightly lower, just below 0.8490. There was a dearth of local data on Friday. The NZD/USDtraded between approximately 0.8470 and 0.8500. Aweaker USD on Friday night (see Majors) failed to benefitthe lacklustre NZD. The NZD therefore marginally underperformedmost of its peers, hampered by the risk aversionthat prevailed in the early hours of Saturday morning.
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