The NZD/USD has continued to creep higher overnight, benefitting from broad USD weakness. It sits around 0.8090 this morning. Overnight, demand for the USD waned as risk appetite stabilised and US bond yields declined after a successful Treasury bond auction. Along with most of its peers the NZD was a beneficiary, moving off lows around 0.8040 it sit at 0.8090 currently. The currency is now approaching the crucial resistance band between 0.8100 and 0.8160 that has marked its highs since late May.
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