During the Monday’s trading session, the New Zealand dollar showed performance similar to that of its Australian counterpart. The currency gained a bit on the euro but was little changed against the US dollar.
China, being the second biggest trading partner of New Zealand, has a big impact on the well-being of the South Pacific nation. Yet today’s data from the Asian nation was confusing, giving no edge to the New Zealand currency. As a result, the kiwi was not able to beat its US rival but managed to profit from the weakness of the euro.
NZD/USD traded at about 0.6803 as of 15:00 GMT today after opening at 0.6798. EUR/NZD edged down from 1.6685 to 1.6622.
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