Economic news from New Zealand released over the weekend was good for the most part. Yet it did not prevent the New Zealand dollar from falling during Monday’s trading.
New Zealand retail sales grew 1.6 percent during the September quarter of 2015, exceeding analysts’ expectations. Yet market participants were not in the mood to buy risky assets after the last week’s terrorist attacks in France. As a result, the kiwi joined the Aussie in decline, falling even against the yen that was not particularly strong itself.
NZD/USD dipped from 0.6544 to 0.6484, trading near the lowest level since October 5, and NZD/JPY fell from 80.01 to 79.85 as of 17:29 GMT today.
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