The NZD was the weakest performer in the past 24 hours. The NZD/USD sits close to its critical support level at 0.8160 this morning. A generally softer tone in US data overnight had the combined effect of reducing appetite for USD and ‘risk sensitive’ currencies such as the CAD, AUD and NZD. The heavier toll was taken on the latter group, with the NZD/USD slipping to find support in the crucial 0.8150-0.8200 window.
Click here to read the full report: FX Daily
BNZ