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The New Zealand dollar closes the week as a net loser as the bulls weren’t able to maintain the late week rally sparked by top tier geopolitical catalysts from the U.S.-China trade story.

Overlay of NZD Pairs: 1-Hour Forex Chart
Overlay of NZD Pairs: 1-Hour Forex Chart
NZD Weekly Performance from MarketMilk
NZD Weekly Performance from MarketMilk

New Zealand Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday:

  • A little bit of pullback in global risk optimism (and the Kiwi) as details of the newly formed U.S.-China trade agreement were a little bit disappointing (only 50% of the $112B in tariffs would be rolled back and China agreed to buy $32B in additional agricultural goods over the next two years, conflicting with Trump’s claims of $50B in agricultural purchases. A nice bump higher off of the news for the yen, but not enough to take it out of the red against any of the major currencies.