Kiwi falls to one-and-a-half month low against the Dollar

Source: Investing.com
© Scanpix/Reuters
As the positive data regarding US durable goods for June supported the US Dollar, the Kiwi dropped to its lowest price in one and a half months. The New Zealand Dollar decreased to 0.8534 against the Greenback and proceeded to consolidate at 0.8539, representing a 0.19% slide. Last week's rise in interest rate to 3.5% by the RBNZ also pressured the Kiwi.
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