Bizarrely, the NZD is the best performing major currencyovernight, and the only one to trump safe-havens JPY and CHF in what is an extremely skittish market. NZD/USD is1.5% stronger at 0.7960.Sure, the 1.4% bounce in the GlobalDairyTrade will comeas a relief to any NZD bulls still out there, not to mentiondairy farmers themselves. After a near-50% decline inprices since February, this will be a sight for sore eyes.
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