The NZDUSD heads into the Wednesday market session struggling near the 0.6130 level as the kiwi (NZD) locks in two consecutive days of declines against the US Dollar (USD).
Market sentiment soured early Tuesday after Moody’s downgraded China’s sovereign debt outlook, with the rating agency citing the Chinese government’s looming expenses should China need to start bailing out beleaguered local governments and drowning state-owned agencies.
Market sentiment soured early Tuesday after Moody’s downgraded China’s sovereign debt outlook, with the rating agency citing the Chinese government’s looming expenses should China need to start bailing out beleaguered local governments and drowning state-owned agencies.