NZD/USD is lower on the session, a poor underperformer on the session here
The USD has lost ground against the EUR, yen, CHF, even GBP. Well so far, and the ranges are small indeed.
Meanwhile, the Kiwi is down about 20 points or so against the USD and also lower on crosses.
I have not seen much in the way of news for it at all today. We got immigration data very early in the session, for October (net migration lowest in 3 years). That's about it. Migration has been a driver of economic growth in NZ (one of many drivers) so maybe the data is a factor. I doubt it, but there you go.
