The New Zealand dollar remained flat at the beginning of milder week Monday following last week’s volatile trading brought by China’s troubles.
Against the US dollar, the kiwi stood at 64.65 US cents.
The currency sustained abrupt decline Monday night when it dropped following the “Chinese stock market plummeted, and it has not recuperated since then,” said Nick Tuffley, Chief Economist at ASB.
This week, traders will look forward to the building consents data, ANZ business outlook, and monthly credit figures due Monday, as well as the next dairy action Tuesday.
The material has been provided by InstaForex Company – www.instaforex.com