Kiwi Lower on Commodity Prices Ahead of Trade Balance - UOB
Analysts at UOB Group noted that NZD lost momentum, weighed by weaker commodity and oil prices.
"Meanwhile, the RBNZ said it is investigating an alleged leak of the Mar 10 cash rate decision when the rate was unexpectedly cut by 25bps to 2.25%.
Markets now look to New Zealand’s trade balance data on Wednesday, with the forecast of NZD$57 in February, jumping from NZD$8mn a month ago."
(Market News Provided by FXstreet)