By Forex Zone - September 1, 2016
NZD/USD Recovers As US Dollar Slides
After breaking-out of the weekly trading range, the NZD/USD pair rose to 4-day high level of 0.7277 but reversed all of its gains and turned back lower to currently trade at a fresh session low near 0.7235 ahead of the release of US ISM PMI print.Earlier on Thursday, the pair rose as better-than-expected official Chinese manufacturing PMI data negated a weaker-than-expected report from New-Zealand that revealed a sharp drop in the price of internationally traded goods during second quarter of...