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The New Zealand dollar reached a four-month high against the Australian dollar after a weaker Caixin manufacturing PMI, which fell from 50.3 to 49.6. New Zealand's terms of trade rose to their highest level in about 44 years.
Weak Chinese manufacturing data and softer Australian export sentiment point to pressure on AUDUSD, while stronger NZ export prices reflect firm dairy and commodity income.
businessdesk.co.nzRebecca HowardMay 31, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
