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A quiet week of headlines and data from New Zealand meant that Kiwi pairs were more under the influence of counter currency moves and global risk sentiment.

New Zealand Headlines and Economic data

Monday:

  • We saw a broad decline in Kiwi pairs on Monday and Tuesday, and with no major geopolitical catalysts or New Zealand data to attribute the move to, the weakness was likely a global risk sentiment move to negative after a slew of PMI updates from around the world largely disappointed (Global Manufacturing PMI at lowest level since October 2012)

Tuesday:

Wednesday:

Thursday:

Friday: