29.09.2014 - The fall of NZD/USD has accelerated thanks to RBNZ

The price of the New Zealand dollar accelerated the fall after it became known that the Reserve Bank of New Zealand in August sold on the market 521 million New Zealand dollars to reduce the exchange rate of the national currency, which in the opinion of the representatives of the RBNZ is unreasonably high. This information indicates the willingness of the central bank for further actions to reduce the New Zealand currency. We recall that the main factors that put pressure on quotes remain low export prices, the trade deficit of the country in recent months and the message on the slowdown in the industry of China.

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