Kiwi retreats against Greenback

Note: This section contains information in English only.
Source: WBP Online
The New Zealand Dollar declined against the US counterpart, as traders sold of the pair after Friday's rally. The Kiwi slumped 0.8% to 0.6569 against the Greenback by 9:45 AM GMT. The Dollar bounced back against the Kiwi after it was reported that 215,000 new jobs were added in July and the June's figure was revised higher to 231,000. Thus, with a possible Fed's rate hike in September the trend for the pair remains bearish.
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