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NZD/USD ran out of steam ahead of the Dec 31 high of $0.6756, printing best levels of $0.6752 thus far, after short positioning exacerbated last week's push higher, leaving the NZD as the best performer amongst the G10 FX space over that particular 5-day horizon.
- Rate has faded back to deal little changed around the $0.6740 mark.
- Little impact from the final NZ ANZ business survey, with the figures little changed vs. flash readings, while the Chinese PMI releases have provided little to no impetus for the NZD.