Day: June 27, 2017

NZ Dollar Rallies on Trade Data, Loses Gains Later

The New Zealand dollar rallied today following the release of trade data. By now, the currency has almost lost all of its gains and erased them completely against the euro. The New Zealand trade surplus fell to NZ$103 million in May from NZ$536 million in April. Yet the report was not altogether bad as both exports and imports actually rose last month. In fact, exports increased to the highest level since March 2014. […]