The NZD has recovered lost ground in line with the othermajors against the USD, with profit-taking the likely culprit. NZD/USD climbed 0.8% to 0.7830. News that Sri Lanka had suspended the sale of a smallbatch of Fonterra milk powder saw NZD dip loweryesterday morning. Light trading conditions probablyexaggerated this news’ impact, which looked to challenge0.7700. This move was retraced as the day wore on.
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