# NZ dollar outshines Aussie as China data weighs across Tasman | BusinessDesk

> 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.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71266-nz-dollar-outshines-aussie-as-china-data-weighs-across-tasman-businessdesk
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/news/nz-dollar-outshines-aussie-as-china-data-weighs-across-tasman/Y6ZRKKR4RBIRPPCCANTOENNHSY/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.