NZD/USD sinks on Syrian jitters

FXstreet.com (Athens) – The NZD/USD is moving abruptly downwards, on hawkish stance, on behalf of Secretary of State John Kerry against Syria’s president.

Risk deterioration pushes further the ‘kiwi’ across the board

The Secretary of State John Kerry, said that the President will hold Syria’s government accountable for the “moral obscenity” of using chemical weapons. After that comment, the ‘kiwi’ fell apart against its major counter-part, erasing the previous gains. Fonterra has upgraded its 2013/14 dairy season pay out forecast to a new record high of $NZ 8.12/kg, from $NZ7.82/kg, the second upgrade in less than a …read more