Reversing the previous day’s moves, the NZD stands outover the past 24-hours as the weakest performing majorcurrency. The NZD/USD sits 0.70% lower, at 0.8680. The initial catalyst for the decline was comments fromRBNZ Governor, Wheeler, in a prepared speech.Ostensibly the speech was focused on the NZ dairysector, but seemed a thinly veiled vehicle to reinforce theRBNZ’s views on the NZD.
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