NZ Dollar Fails to Hold Ground in Face of Risk Aversion

May 17,2019 17:15   Source:Earnforex
While the New Zealand dollar was attempting to rally earlier today despite risk aversion prevailing on the market, currently the kiwi has retreated, trading below the opening level against many of its most-traded rivals. Domestic macroeconomic data did nothing to help the currency of New Zealand. Statistics New Zealand reported that the Producer Price Index input fell 0.9% in the March quarter after rising 1.6% in the previous three months. […]

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