Forex: NZD/USD falls to 0.7762

on Jul 2, 2013
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_iNVEZZ.com Tuesday July 2nd:_The New Zealand dollar traded slightly lower against its US counterpart during the Asian session today. The pair recorded a low for the day so far at 0.7762, falling 0.63 percent intraday to this point.

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The ANZ Commodity Price Index fell for a second month 3.7 percent in June, following a 1.6 percent drop in May. The index includes commodities which make up about 60 per cent of New Zealand’s $46 billion annual export earnings.

Yesterday the NZD/USD hit a three-day high at 0.7828, following release of mixed Chinese manufacturing updates.
The NBS China Manufacturing Purchasing Managers Index (PMI) for June was reported at 50.1, slightly above expectations for 50.0, as against 50.8 in May. But the HSBC Manufacturing PMI for June fell to a nine-month low of 48.2 from May’s 49.2.
Currently in European trading, the pair is up slightly to be crossing at 0.7791.

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NZD Forex