The USD continued to strengthen, mostly against the commodity currency bloc. NZD underperformed, down 1.5% to 0.775, initially on comments from Prime Minister John Key that the Goldilocks level for NZD is around 65 US cents, and later on a report of a larger-than-expected RBNZ FX transaction amount in August. AUD also fell 0.7% on the day to 0.871. On other hand, EUR and JPY were relatively stable at 1.268 and 109.4 respectively.
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