NZD/USD: Remains around 0.8350 after trade balance report

FXstreet.com (Córdoba) - The kiwi finished Monday practically unchanged against the US Dollar after moving sideways around 0.8350. During the European session the NZD/USD rose to 0.8370 reaching the highest price since February 25 but retreated afterwards, falling to 0.8339 (daily low).

Currently trades at 0.8350, unaffected by the trade report, posted a few minutes ago, that showed a surplus of NZD 414 milllion. “The value of exported goods rose $290 million (8.0 percent) to $3.9 billion in February 2013, compared with February 2012”, said the statistics office. According to them the increase was led by a 49% increase in exports to China.

The AUD/NZD posted marginal gains on Monday, but traded most of the day in a range between 1.2500 and 1.2535 and at the moment trades at 1.2519/24.