News and views The offshore session saw the USD continue to regain ground, though more modest in scale. The story was more of the same from Tuesday night, with commodities continuing their recent softness and equities up again, albeit not by much. Oil prices probed above 8 but were firmly rebuffed, slipping to the low 4s in late NY trade, fresh lows since 5 June. The New Zealand dollar was soft throughout, spending most of the session just above 0.7500, in countdown mode ahead of the
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