NEW ZEALAND DOLLAR RALLIES AFTER RELEASE OF STRONG CHINESE TRADE DATA
- New Zealand Dollar rises over 0.5% after the release of much. better-than-expected trade data from chief trading partner.
- The data indicates a probable increase in demand for New Zealand goods from mainland China.
- The charts are showing NZD/USD in a messy range-bound market, which is difficult to forecast.
The New Zealand Dollar (NZD) is rallying strongly on Thursday after the release of much better-than-expected trade data from its largest export partner China.
The NZD/USD pair is up over half a percent at time of publication, trading at 0.6161. The New Zealand Dollar versus the Euro is up 0.55%, trading at 0.5654, and NZD/GBP is trading at 0.4829, up a third of a percent.
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