The Australian and New
Zealand Dollars traded mixed on Friday in a lackluster trade.
China outstripped Australia as New Zealand's largest trading partner last year thanks to dairy exports, whereby milk powder made up for approximately 40 % of Chinese imports.1 Furthermore, a mutual agreement now makes direct Chinese Yuan - New
Zealand Dollar trading possible.
Not exact matches
The New
Zealand dollar stabilized despite an unexpected
trade deficit caused by a jump in imports and a surprisingly large drop in consumer confidence.
According to the Newedge Trend Indicator - a model portfolio that replicates the
trades managed futures funds might make - bets this year on the euro, Swiss franc, Australian and New
Zealand dollars were loss - making
trades.