The NZD/USD was amongst the strongest performers over the past 24-hours, sitting at 0.7800 this morning. Friday’s upward momentum in the USD ran out of steam at the start of the week. Consequently the NZD strengthened against a broadly weaker USD. The NZD/USD was on a steady uptrend overnight to sit around 0.7800 currently. Despite a fair amount of volatility, the NZD/USD has essentially been consolidating in a 0.7700-0.7850 range for most of the past month.
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