The NZD/USD pushed higher overnight to sit at 0.8180 thismorning. The NZD/USD traded a relatively tight range yesterday,taking little notice of the release of the August NZ PSI. Thisremained in solid expansion, at 57.9. Combined with lastweek’s solid PMI release, it suggests the economy sustainsfaster than average growth. Overnight the NZD pushedhigher along with the AUD. The NZD/USD has reboundedto trade around 0.8180.
Read the full report: FX Daily