The New Zealand Dollar (NZD) is holding near the top of its recent range against the US Dollar (USD), sitting in the mid-0.5900s at the time of writing after touching its best level since early June. The pair is little changed on the day, but the direction of the past two weeks is clear, and the reason is mostly on the United States (US) side.
A soft US retail sales report trimmed bets on a Federal Reserve (Fed) rate hike next month, pulling the Greenback lower and letting the Kiwi extend its rebound.
New Zealand Exports are expected, at NZ$8.09 billion, leaving only a slim monthly surplus, while the annual balance stayed in deficit near…
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