LiteForex - Analytics

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NZD/USD: nearly a year in downward trend on 17.06.2015

Trade deficit in New Zealand in the first quarter rose to 3.6% of GDP, compared with 3.3% in the fourth quarter of 2014. Following this news, the pair has fallen 30 points since opening today. The major cause of the growing trade deficit is the falling price for dairy products, the main source of export for New Zealand.

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