Day: December 1, 2016

New Zealand Dollar Fails to Rally Despite Data from China

The New Zealand dollar slipped against most major currencies today (though not against the US dollar) as relatively positive data released from China failed to bolster the currency of its trading partner. China’s official data showed that manufacturing Purchasing Managers’ Index rose from 51.2 to 51.7 in November, exceeding market expectations and demonstrating the second month of increase. Meanwhile, the private Caixin report showed a small drop to 50.9 […]