Daily FX Wrap and Strategy

The NZD drifted lower with its commodity-linked brethren(AUD and CAD) overnight, before staging a recovery earlythis morning. NZD/USD sits largely unchanged fromyesterday’s open, at 0.8130 currently. The drop lower in AUD and CAD, driven by China growthconcerns, saw NZD/USD dip its feet brieflybelow the 0.8100 mark last night.

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