The New Zealand Dollar fell to its lowest level since June 01, 2020, versus the US Dollar amid a volatile overnight session on Wall Street. The benchmark S&P 500 index traded down well over 1% before trimming losses and finishing the day nearly in the green. Other risk assets like Bitcoin exhibited similar behavior. That may indicate that sentiment has bottomed in the short term, although traders may become more cautious going into the weekend. New Zealand’s Performance of Manufacturing Index fell to 51.2 in April from 53.8 in March, according to BusinessNZ. NZD/USD was little changed on the news. The Kiwi Dollar has ... (full story)