New Zealand – NZD moves already this early Monday & some economic data due up soon via ForexLive

The NZD is active already this morning, having dipped as low as 0.8348 in the early going (it may have been lower direct).

This headline is getting a bit of attention:New Zealand government minister quits over misconduct allegation three weeks before election

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Coming up at 2245GMT (1845 NY time):

Q2 Terms of Trade index

We already know the terms of trade have been falling for the kiwis (milk prices the biggie), so I can't see this as being too much of a surprise.

• expected is -3.5% q/q
• prior was +1.8%

posted via ForexLive