NZD/USD was the biggest percentage mover this week
For the second consecutive week, the New Zealand dollar was the laggard. It has fallen in 7 of the past 8 days after touching a one year high two weeks ago.
The turnaround was driven first by the announcement of a special economic assessment and then on the release of the assessment as it confirmed speculation the document would contain a strongly dovish message.
Technically, NZD/USD fell through 0.6964, which was the low on June 15. It's back above now but a close (especially a weekly close) would highlight a dip down to 0.6700 or the trend from the January/June lows.
