Daily FX Wrap and Strategy

Good morning all, middle of the week and the NZD opensour morning at the 0.8300 level.At first glance it has to be said despite yesterday’s CPI printand immediate reaction the Kiwi hasn’t kicked on and iscertainly not the star of the show. To illustrate our flowsyesterday and overnight witness a mixture of accounts,using the rally to reduce “long” positioning.

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