Online Forex Trading: Forex reports

The New Zealand dollar bounced back this week to reach a high of 49.9150 against the Japanese yen after falling to an eight-year low in the previous week, but as risk trends continue to dictate price action in the foreign exchange market, the commodity bloc is likely to remain on the defensive against the low-yielding currency.

Trading remained relatively flat throughout the day in light of anticipated German and broader Euro-Zone GDP data. Australia saw it’s A$42 billion stimulus package passed after having been rejected the day prior. New Zealand Retail Sales shrank for a fourth consecutive quarter as consumers cut back on entertainment.