jonesryan992 Posted October 31, 2013 Report Share Posted October 31, 2013 The New Zealand dollar traded lower against its U.S. rival during Thursday’s Asian session from Reserve Bank of New Zealand Governor Graeme Wheeler. "Sustained strength in the exchange rate that leads to lower inflationary pressure would provide the bank with greater flexibility as to the timing and magnitude of future increases in the OCR," said Wheeler in a statement released earlier in the session. On Wednesday it was revealed Moody’s Investors Service recently considered stripping New Zealand of its AAA sovereign debt rating due in part to the country’s widening account deficit. Moody’s is the only one of the three major ratings agencies to have an AAA rating on New Zealand. Thanks for reading, http://www.tradingforex.com Technical Analysis http://www.tradingforex.com/en/blog/entry/daily-morning-report-and-technical-levels-thursday-31-10-2013 Link to comment Share on other sites More sharing options...
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