Impact of Soft Services PMI on NZ Dollar Movement

Monday, 15 July 2024, 11:13

The New Zealand dollar experienced a decline as a result of disappointing Services PMI data, leading to a decrease in its value against the USD. The currency traded lower in the European session, showing a 0.35% drop compared to earlier trading. This negative movement signals potential challenges for the NZD in the near term.
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Impact of Soft Services PMI on NZ Dollar Movement

New Zealand Dollar Performance

The New Zealand dollar has shown a decline in value against the USD.

Services PMI Impact

The Services PMI data has negatively influenced the currency's movement.

European Session Movement

  • The NZD traded lower during the European trading hours.
  • It recorded a 0.35% drop compared to its previous position.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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