The NZD/USD sits a little lower, at 0.8470 this morning. The strong NZ Performance of Services Index (PSI) reading made little impact on the NZD yesterday morning. The PSI rose to 58.4 from 54.7. Combined with the steady PMI reading for July (53.0) it signals an above-trend pace of GDP growth. Despite these signs of continued domestic support for the NZD, it was a casualty of broader USD strength overnight. From early evening highs above 0.8500 it now trades around 0.8470
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