NZD/USD Plunges as ANZ Commodity Index Drops 1%
The New Zealand dollar slid against the US dollar on Monday, as New Zealand's ANZ Commodity Price Index fell 1% in June, adding fresh pressure on the Kiwi against a broadly stronger US dollar. In Monday's G10 trading, NZD dropped against all other currencies except the Japanese yen. The major event for the kiwi will be the Reserve Bank of New Zealand Interest Rate Decision, due on July 8. For the USD, the major event will be the ISM Services Purchasing Managers' Index for June, due later in the day. The NZD/USD pair was trading at 0.56840, with a 0.52% decline during Monday's American trading hours at the time of writing.
The New Zealand dollar slid against the US dollar on Monday, as New Zealand's ANZ Commodity Price Index fell 1% in June, adding fresh pressure on the Kiwi against a broadly stronger US dollar.
In Monday's G10 trading, NZD dropped against all other currencies except the Japanese yen.
The major event for the kiwi will be the Reserve Bank of New Zealand Interest Rate Decision, due on July 8.
For the USD, the major event will be the ISM Services Purchasing Managers' Index for June, due later in the day.
The NZD/USD pair was trading at 0.56840, with a 0.52% decline during Monday's American trading hours at the time of writing.