Global markets are in a more optimistic mood this morning as signs of progress slowly emerge in US Congress.But while most ‘risk-sensitive’ assets have received a clear boost, the NZD/USD has tended to lag the moves as the heavy NZD/AUD weighs down the kiwi. The net effect is the NZD/USD currently trades around ½ cent above yesterday’s 0.8240 lows, marking its 12th consecutive day inside the 0.8240-0.8350 range. More of the same looks likely for today.
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