RBNZ releases its annual NZD TWI, Chinese Yuan tops

Dhwani Mehta FXStreet

The Reserve Bank of New Zealand is out with its annual NZD trade-weighted index (TWI), with revised weights coming into effect from Friday.

According to the reweighted NZD TWI, the Chinese yuan tops followed by the Aussie dollar and the US dollar.

The Kiwi is off the lows, as the bulls look to retest the 0.66 handle amid cautious optimism heading into the tariffs meeting between US President Trump and his trade adviser due later on Thursday.

The spot rallied to five-month highs just ahead of the 0.6600 level after the US dollar was dumped across the board on dovish comments from the Fed Chair Powell.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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