Upbeat Chinese macro data boosted risk appetite and underpinned the kiwi.
The pair caught some aggressive bids on the first day of a new trading week and finally broke out of its near two-week-old consolidative trading range amid a fresh wave of the global risk aversion trade.
An unexpected jump in China’s manufacturing activity in November helped offset recent concerns over the US-China trade deal and provided a goodish lift to perceived riskier currencies like the kiwi.
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