The NZD/USD was the weakest performer relative to its key peers over the past 24-hours. It trades at 0.8390 this morning. Despite a relatively stable USD overnight, the NZD declined along with the AUD as risk sentiment waned. As concerns focus on the China and the willingness of officials to bolster the economy, Antipodean ‘risk sensitive’ currencies were a natural casualty. The NZD/USD, which had been on a gradual descent during the day, fell below 0.8400 overnight to sit at 0.8390 currently.
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