NZD Holds Ground Despite Stronger China Manufacturing Data
The New Zealand Dollar (NZD) held its ground despite stronger-than-expected Chinese manufacturing data, trading around 0.5910 on Tuesday.
This is because China and New Zealand are close trading partners, so any changes in the Chinese economy can impact the NZD.
Australia's Reserve Bank (RBNZ) is expected to raise interest rates for a second consecutive time on Wednesday, which could boost the NZD.