After a fair amount of volatility over the past 24-hours the NZD/USD sits a little lower this morning, at 0.8750. In the absence of domestic data releases, a toll was takenon the NZD/USD after the soft AU retail sales release yesterday afternoon (see Majors). However, the everresilientNZD/USD soon recovered from this upset to tradearound 0.8770 heading into the US payrolls release earlythis morning. The positive US data surprise (see Majors),saw the NZD/USD plunge to below 0.8720. However, it hasclawed its way back from the abyss to trade around 0.8750this morning.
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