21.10.2015 - The New Zealand dollar can change the local positive trend to negative

The price of the New Zealand dollar showed a sharp decline amid the weakening of the Australian dollar and the fall in commodity prices, but the main factor today were the news about lowering the long-term rating of Fonterra by the agency Fitch. Thus, the rating of the world's largest exporter of dairy products has been downgraded to "AA-" from "A" before. We recall that dairy products are the main export item in New Zealand. The growth potential of the New Zealand dollar in the near future is limited by the level of 0.70, and we expect falling prices in the medium term.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.