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The NZ dollar remains in demand against the Greenback.

Written by Sam Coxhead on February 3rd, 2012.      0 comments

5:55 PM (NZT) The NZ dollar has continued to outperform the US dollar, as the US dollar remains under pressure from most quarters. Given the large NZ dollar appreciation since mid December, the time is nearing for some kind of corrective move lower. The inability of the pair to consolidate through .8350, will give those looking for some US dollar resurgence some small piece of mind, in the short term at least. The US employment numbers due for release later on today in the US session, remains the short term focus. Next week sees the NZ 4th quarter employment numbers released and these will also be focused on. Expect to see any further gains from the NZ dollar to be far harder fought from current levels.
 
The current interbank midrate is:                                                            NZDUSD .8303 
                                                                                         
The interbank range so far this week to date has been:                 NZDUSD .8153 - .8369
 

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