Day: August 8, 2016

August 8
2016

New Zealand Dollar Attempts to Reverse Losses

The New Zealand dollar was moving lower at the start of the current trading session, but currently it has reversed its movement, trimming losses against some rivals (like the US dollar) and erasing them completely against others (like the Japanese yen). It is not surprising to see the kiwi weak, considering that traders are pricing in an interest rate cut from the Reserve Bank of New Zealand later this […]

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August 8
2016

Australian Dollar Undeterred by News from China

The trade balance report released from China was not particularly good. Yet this did not prevent the Australian dollar from rising, even though China is Australia’s biggest trading partner, thus news from the Asian country usually has a big influence on the Australian currency. China’s trade surplus swelled from $311 billion to $343 billion in July, exceeding analysts’ predictions by a wide margin. While the indicator […]

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