30 Jan 2014
NZD/USD hits 4-week lows after Chinese PMI
FXstreet.com (Córdoba) - The NZD/USD fell further after the release of economic data from China and bottomed at 0.8173, reaching the lowest price since January 2. The Chinese PMI (HSBC) fell to 49.5 in January, confirming a contraction in the manufacturing sector.
At the moment of writing the NZD/USD is trading at 0.8185, below the price it opened 2014, facing pressure as Asian markets tumble, amid emerging markets fears and following another reduction in the Fed’s purchase program. The pair remains under pressure, at daily lows.
NZD hit by RBNZ and PMI
The Kiwi has been among the worst performers across the board in the last hours. The currency fell sharply after RBNZ decision and took another step lower following the Chinese PMI. The central bank kept rates unchanged at 2.5% and mentioned that it should start rising rates soon toward normal levels. Chinese data weakened even more commodity currencies.
At the moment of writing the NZD/USD is trading at 0.8185, below the price it opened 2014, facing pressure as Asian markets tumble, amid emerging markets fears and following another reduction in the Fed’s purchase program. The pair remains under pressure, at daily lows.
NZD hit by RBNZ and PMI
The Kiwi has been among the worst performers across the board in the last hours. The currency fell sharply after RBNZ decision and took another step lower following the Chinese PMI. The central bank kept rates unchanged at 2.5% and mentioned that it should start rising rates soon toward normal levels. Chinese data weakened even more commodity currencies.