The New Zealand Dollar underperformed in overnight trade, sliding as much as 0.5 percent against its top counterparts. The selloff comments from New Zealand Finance Minister Bill English, who said he agreed with a widely-circulated research piece from Stephen Jen of SLJ Macro Partners – a hedge fund – that argued the Kiwi was highly overvalued. English rejected Jen’s assertion that the island nation’s structural problems mirror those of Ireland in 2007 that ultimately pushed that country into an EU assistance program amid the Eurozone debt crisis. The Japanese Yen likewise faced selling pressure following the BOJ ... (full story)