The NZD/USD tested 0.8400 yesterday, but has sincerebounded to 0.8440, down 0.2% for the day. The NZD looked heavy throughout the local session, butwas given a helping hand lower by the monthly REINZhousing data. House prices dipped 0.7% m/m, with theannual pace dipping to +5.9% y/y from a +9.9% cyclicalpeak in October 2013. The slide in house salesaccelerated, down 13.0% in July after falling 6.1% in June.
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