The New Zealand dollar slid today as Bill English, the Prime Minister of New Zealand, said that the nation’s economy may slip back to recession in the second half of this year.
English’s words by the economic data as New Zealand’s gross domestic product declined 0.2 percent in the third quarter of 2010 and the employment contacted in the fourth quarter. The global economy still looks good and can be supportive for the New Zealand currency.
NZD/USD declined from 0.7749 to 0.7731 as of 12:28 GMT today after reaching previously its intraday low of 0.7701.
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.
