A snippet from BNZ on the New Zealand dollar:
- The NZD has edged down overnight, in sympathy with the moves in the EUR ... NZD is trading around ... a four-month low
- next key support level kicks in at 0.68
- We remain positive on the medium-term outlook for the NZD, mainly because we think recent USD strength will prove temporary and the expected sharp recovery in global growth this year should help commodity currencies, like the NZD
