- Heightened tensions over the conflict in Ukraine pushed the Russian rouble even lower on Monday as it fell to record lows against the dollar. After last week’s talks made no major breakthroughs, investors are continuing to monitor the situation in Ukraine ahead of fresh negotiations between Ukrainian and Russian officials and pro-Russian separatists. The build-up to negotiations led the US dollar-rouble to hit highs of 37.50 on Monday, up 1.07% from Friday.
- Positive New Zealand overseas trade data saw the New Zealand dollar strengthen against its U.S counterpart on Monday. The official data stated that New Zealand’s overseas trade index rose by 0.3% in the second quarter of the year, defying expectation of a 2.3% drop, following a rise of 1.8% in the first quarter.
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