The NZD/USD traded a fairly tight trading ahead of this morning’s US FOMC meeting. Breaking lower after the meeting it sits around 0.8200 currently.There was little on the domestic data agenda yesterday to impact on the currency. Data released by the RBNZ showed it sold $7m in September. So the Bank sold the currency as the TWI bounced, as expected, but certainly not in any great volume.
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BNZ