Forex - NZD/USD, AUD/NZD Flows: AUD/NZD bid despite trade miss


 06:51 (GMT) 07 Dec

  [Forex Flows]

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NZD/USD, AUD/NZD Flows: AUD/NZD bid despite trade miss (0100-VRCS-C01)

Legislation just introduced to Parliament will prevent multinationals from avoiding tax by shifting profits out of New Zealand, Revenue Minister Stuart Nash said today. Kiwi the worst performer so far today among the majors, down close to 0.5% with NZD/USD near day low. Despite horrible trade balance data in Australia, Aussie remains firmer of the two as it recovers from beneath 1.10.


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