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15 Apr 2015
NZD/USD consolidates above 0.7500
FXStreet (Córdoba) - The NZD/USD pair is rising on Wednesday supported by a decline of the dollar across the board after weak economic data from the US. At the beginning of trading in Wall Street it climbed to 0.7563, reaching the strongest level since April 10 but then pulled back.
The decline from the high found support at 0.7530 and the pair was trading around 0.7540/45, up 0.23%, rising for the second day in a row.
NZD holds despite a decline in dairy prices
The Global Dairy Trade index fell today 3.6% in the latest auction. The decline was smaller than the previous event when it dropped more than 10%. The kiwi declined modestly after the auction results but then fully recovered.
The decline from the high found support at 0.7530 and the pair was trading around 0.7540/45, up 0.23%, rising for the second day in a row.
NZD holds despite a decline in dairy prices
The Global Dairy Trade index fell today 3.6% in the latest auction. The decline was smaller than the previous event when it dropped more than 10%. The kiwi declined modestly after the auction results but then fully recovered.