NZ Dollar Rises on Positive Data from China
The New Zealand dollar advanced today, following two sessions of decline against the US dollar, as positive macroeconomic data from China boosted prospects for New Zealand exports.
The Conference Board leading indicators rose 0.1 percent in June. The Flash HSBC Flash Manufacturing PMI went up from 48.2 in June to 49.5 in July, being near the neutral 50.0 level. China is the second-biggest trading partner of New Zealand.
NZD/USD rose from 0.7878 to 0.7914 as of 9:17 GMT today. EUR/NZD was down from 1.5367 to 1.5287.
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Earlier News About the New Zealand Dollar:
- NZ Dollar Falls as Outlook for US Economic Growth Worsens (2012-07-12)
- NZ Dollar Erases Losses Despite Pessimism of Traders (2012-06-27)
- NZ Dollar Falls on Europe's Problems, Pares Losses on US QE (2012-06-20)
- NZ Dollar Gains After RBNZ Keeps Key Rate Stable (2012-06-14)
- NZ Dollar Falls as Optimism for Spain Proves to Be Fleeting (2012-06-11)