Bernanke has come and gone and the NZD/USD is still flitting around 0.7900. Of course, the fact the currency is little changed from yesterday morning does mask a fair bit of intra-day volatility. Indeed, the currency was tossed around in a 0.7840-0.7940 range overnight as investors reacted to the Fed chairman’s every word.
Read the full report: FX Strategy
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