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[QUOTE="Vistabrokers, post: 80687, member: 32993"]
[B]Vista Brokers: New Zealand Dollar Falls against the US Dollar[/B]

[IMG]http://s011.radikal.ru/i315/1503/82/5f705a7e4e52.jpg[/IMG]

Vista Brokers analysts point out that on Monday NZD / USD continues to decline, while against the Australian dollar the kiwi is recovering. At of this writing, versus the US dollar the New Zealand currency is at around 0.7514 against 0.7579 at the close of trading on Friday. A pair New Zealand dollar / Australian dollar is trading at 0.9756 against 0.9714 on Friday.

Note that for New Zealand and Australian currencies, two important events in the near future are GlobalDairyTrade auction this week, which will indicate a direction of prices for dairy products in the world and a meeting of the Reserve Bank of Australia. New Zealand's economy is largely influenced by the price of dairy products, and ANZ Bank predicts a fall in prices in next two months. Sentiment in the dairy market may be pessimistic, as it became known that Fonterra has increased supply volumes.
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