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NZD Remains Range-bound

Joe Mayhew Senior Currency Broker - A Strong, Stable, ShamblesWritten by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

The Kiwi dollar remained broadly range-bound against a number of its counter-parts overnight despite weaker than prior New Zealand Business PMI figures. 

Whilst the index was lower than the last 58.2 reading (56.2) any reading above 50 shows expansion.  As such, movement in NZD pairs was broadly muted; GBP/NZD remained between 1.7650 and 1.77 and EUR/NZD between 1.5550 and 1.56.  The next NZ reading of note will be the Consumer Price Index reading on Monday night.

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To keep up to date with the New Zealand dollar, visit our NZD blog section on our website here.

To keep up to date with all our currency news, visit our Currency News section on our website here.

Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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