The New Zealand dollar rose a little today, but gains were limited as fundamentals were not particularly positive to the currency, which has been in decline since the beginning of the year.
Domestic data was relatively positive as New Zealand building consents rose 1.8 percent in November. It was news from overseas, China specifically, that was troubling. Chinese stocks continued to crash, tumbling more than 5 percent today, while producer prices remained deep into the deflation territory.
NZD/USD was little changed at 0.6550 as of 10:28 GMT today after touching the session minimum of 0.6508 earlier. NZD/JPY ticked up from 76.83 to 77.08, bouncing from the daily low of 76.07.
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