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14 Aug 2015
NZD/USD erases daily losses, still down for the week
FXStreet (Córdoba) - The kiwi was able to erase losses against the US dollar but still remains among the worst performers on Friday and also during the week. NZD/USD bottomed on Asian hours at 0.6512 and currently trades at 0.6560/65, 60 pips below the level it closed a week ago. The pair peaked at 0.6570 on American hours, before retreating modestly.
A downbeat retail sales report from New Zealand weakened the pair hours ago. The data added to the weak fundamental outlook. In the US, inflation and industrial production rose above expectations but failed to give a sustainable impulse to the US dollar.
NZD/USD down again for the week but…
After posting modest weekly gains during three weeks in a row, NZD/USD dropped again. It reached a fresh multi-year low at 0.6467 on Wednesday, after another depreciation of the yuan, but then rebounded and so far is avoiding a weekly close under 0.6500.
A downbeat retail sales report from New Zealand weakened the pair hours ago. The data added to the weak fundamental outlook. In the US, inflation and industrial production rose above expectations but failed to give a sustainable impulse to the US dollar.
NZD/USD down again for the week but…
After posting modest weekly gains during three weeks in a row, NZD/USD dropped again. It reached a fresh multi-year low at 0.6467 on Wednesday, after another depreciation of the yuan, but then rebounded and so far is avoiding a weekly close under 0.6500.