1 NZD = 0.7668 USD at 16th May 2012: Time to Celebrate (Free Falling NZ Dollar) – Go Export Lead Recovery
1 NZD = 0.7668 USD at 16th May 2012: Time to Celebrate (Free Falling NZ Dollar) – Go Export Lead Recovery Current NZD/USD at Google Finance
THE TAKEAWAY : Trade and exports lower than expected > Economy may show signs of slowing > NZD weakens
By The Street [By DailyFX 07/25/11 – 07:12 PM EDT] “The NZ dollar gave away all of its early morning gains after June trade data revealed a much weaker trade industry than previously estimated. Although all data failed to meet analyst expectations, the sharp drop in June exports may give more important insights into the domestic economy. […]
Forex @ DailyFX – New Zealand Dollar Rally To Gather Pace on Faster Growth.