Last week was all about consolidation for the NZD. A thawing in the Chinese liquidity freeze and steady NZD/AUD buying helped ease the downward pressure on the NZD/USD. But the headwinds from a strengthening greenback ensured any gains were limited to around 0.7850. Still, this sideways creep was good enough to earn the NZD the title of strongest performing currency over the week.
Read the full report: FX Daily
BNZ