NZD / USD: Consolidation on the back of improved economic data in China.

The results of July meeting of RBA weakened the New Zealand currency a little. The decision to keep rates at the same level (2.75 percent) and Glenn Stevens's the subsequent declaration is only slightly lowered a rate of New Zealand dollar.

The New Zealand Dollar has gained support from the weakening of the US Dollar. According to Chris Hunter from Western Union, the weakness of the US currency is mainly caused by the uncertainty resulting from the forthcoming FOMC meeting scheduled for this week.