The New Zealand dollar continued suffering due to a variety of reasons. Retail sales stand out this week. Will the kiwi fall even further? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
Following the rate cut by the RBNZ, new blows came from the yet another fall in dairy prices as well as a weaker than predicted gain in employment: only 0.3%. At least the unemployment rate remained unchanged at 5.9%. In the US, most data points came out better than expected.
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