NZD/USD: different monetary policies of the US Fed and RBNZ

Forex analytics: Due to strong data on the foreign trade balance in New Zealand, the NZD went up on Wednesday, bouncing from 2-month lows against the USD at the level of 0.6700. Foreign trade balance in New Zealand amounted to 292 million NZD in April against the forecast of 60 million NZD. Yesterday’s rise in the pair NZD/USD was also triggered by the US Purchasing Managers’ Index (PMI) in the service ...