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2 Sep 2014
NZD/USD falls to 6-month lows below 0.8300
FXStreet (Córdoba) - The NZD/USD is falling sharply on Tuesday and recently hit the lowest price since February 26 at 0.8289. Price rebounded slightly and rose back above 0.8300, but it was still having the worst day in seven weeks.
Better-than-expected data in the US pushed the Greenback to the upside across the board while a decline in milk prices weakened further the Kiwi.
Since the beginning of the day the NZD/USD is moving with a downside bias; it plummeted on Asian hours from 0.8385 to 0.8345 and recently tumbled in 60 minutes from 0.8335 to 0.8290.
Better-than-expected data in the US pushed the Greenback to the upside across the board while a decline in milk prices weakened further the Kiwi.
Since the beginning of the day the NZD/USD is moving with a downside bias; it plummeted on Asian hours from 0.8385 to 0.8345 and recently tumbled in 60 minutes from 0.8335 to 0.8290.