The New Zealand Dollar tracked its Aussie cousin very closely last week and we remarked one morning that it seemed as though they’d fixed the exchange rate without telling anyone. The AUD/NZD cross didn’t move more than 30 pips either side of 1.1080 all week. After a high on Tuesday of 1.1113 and a low of 1.1055 on Thursday, it ended the week pretty much at the mid-point of the range. Picking out news highlights would present quite a challenge though the net visitor inflow data always make fascinating reading. Short-term visitor arrivals, which include tourists, people visiting family and friends and people travelling for work, reached 3.7 million in the October year, up 8 per cent from a year earlier and a new annual record. Statistics New Zealand says the number of people going to New Zealand on holiday rose 8.6 per cent on an annual basis to 1.9 million people. During the past five years, annual visitor arrivals have regularly hit record highs, and have risen by more than one million, or 40 per cent, since the upward trend began in 2013. Meantime, people living in New Zealand took a record 2.83 million overseas trips in the October 2017 year, up 11 percent on the October 2016 year. NZD/USD began the week at 0.6805, hit a low on Tuesday of 0.6794 and a high on Thursday of 0.6897 before closing at 0.6880.