As a major trading partner of New Zealand and Australia, China has a very strong influence on the economies of these countries. And a recent nosedive in the Chinese stock market directly affects the economy both of Australia and New Zealand. But, curiously enough, despite the non-stop decline since the beginning of May 2014, the pair NZD/USD found a support at 0.6620. The New Zealand dollar is strengthening in the cross-pair with the Australian dollar as well.
read more >>LiteForex - Analytics