The NZD/USD is lower as markets await the results of the euro-zone finance ministers meeting on the next tranche of loans to Greece, says ANZ in its morning note. "We wait for the results of the Greek summit, which has the potential to boost risk this morning." The pair is at 0.8153 vs 0.8187 late Tuesday. The U.S. Markit preliminary PMI later in the global day should give an early indicator if U.S. data will continue its weakness, ANZ says. "A weak trend will keep NZD under pressure and reinforce resistance levels." It expects the pair to trade in a short-term range of 0.8130 to 0.8190.
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