NZDUSD Remains Firm After Dismal REINZ Data

Published September 10th, 2008 - 09:42 GMT
Al Bawaba
Al Bawaba

NZDUSD remains firm after dismal REINZ data with the August housing data showing that median home prices have declined to NZD 330K, down 2.9% on the month and 5.7% over the year. REINZ reports that housing sales fell 6.0% in July and 34% over the last year. Kiwi trades at 0.6696, still near the Asian session highs after bouncing off 0.6649 this morning.