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NZD/USD stays directionless below 0.67 ahead of NZ labour market data
The NZD/USD pair showed some sharp fluctuations in the Asian session on Tuesday as markets reacted to the macroeconomic data releases from New Zealand and China. After advancing higher toward the 0.67 handle, the pair changed its direction and quickly dropped to a daily low near mid-0.66s before retracing its daily losses in the NA session. At the moment, the pair is virtually unchanged on a daily basis at 0.6670. The data published by the National Bank of New Zealand on Tuesday showed that the Activity Outlook and the Business Confidence indexes both improved in April while private sector credit increased by 0.3% to ... (full story)