Kiwi getting the bullet amid rumours of a possible downgrade

Author: Pete Jackson | Category: News

Talk going around the bookies that  NZ may be facing a downgrade, with some heavy persistent selling in Asia and Europe from a UK clearer with strong Asian connections.

NZD/USD has collapsed from highs around 0.8065 in Asia to a recent low of  0.7905

Next line of support should this keep going  is down at the May 27 lows of 0.7861

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