The New Zealand dollar continues to decline, solidifying its position as the second-worst-performing major currency this year .
It was trading at 0.5916 USD late Thursday in Wellington and has shed nearly 6.5% against the US dollar since the beginning of the year.
By early Friday it had dipped below 0.5900 and was trading at 0.5893.
It is falling thanks to the “unceasing advance of the bears”, according to Brett Ottawa at OFX. The KIWI is under noticeable pressure.
It was trading at 0.5916 USD late Thursday in Wellington and has shed nearly 6.5% against the US dollar since the beginning of the year.
By early Friday it had dipped below 0.5900 and was trading at 0.5893.
It is falling thanks to the “unceasing advance of the bears”, according to Brett Ottawa at OFX. The KIWI is under noticeable pressure.
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i guess the rout should be like this Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.