26 Mar 2014
NZD/USD rises back above 0.8600 after NZ trade data
FXStreet (Córdoba) - The NZD/USD rose back above 0.8600 after the release of the trade report in New Zealand. During the American session price dropped from 0.8619 (March 26 high) to 0.8585, where it found support.
According to the report, the NZ trade balance for February showed a higher than expected surplus of $818 million. Exports rose 17% from the same month of last year.
Currently the NZD/USD trades at 0.8604, after recovering most of the American session losses. Despite the retreated during Wall Street, the Kiwi posted the third daily gain in row on Wednesday against the US dollar.
According to the report, the NZ trade balance for February showed a higher than expected surplus of $818 million. Exports rose 17% from the same month of last year.
Currently the NZD/USD trades at 0.8604, after recovering most of the American session losses. Despite the retreated during Wall Street, the Kiwi posted the third daily gain in row on Wednesday against the US dollar.