The NZD/USD was under pressure last week from a strong USD and the fall in milk prices to a six year low but the kiwi got a boost this week as Prime Minister John Key said that the NZD had fallen faster than expected. The currency pair was trading at 0.6524 on Friday and is trading around 0.66 after the PM comments. The forex market has been quiet compared to the past three weeks when Greek drama populated the headlines. FX volatility has been lower and verbal intervention can be magnified. The Reserve Bank of New Zealand (RBNZ) will announce its benchmark interest rate decision on Wednesday, July 22 at 5:00pm EDT. ... (full story)