Kiwi dollar dips after weak retail stats
This article is about the decrease in the exchange rate of the Kiwi dollar. The article attributes this most recent dip to a drop in core retail sales in New Zealand. This article also mentions how both the New Zealand and Australian dollar are greatly affected by the economic status of Europe.
This relates to class, for one, because it has to do with exchange rates from country to country. We just completed a worksheet where we had to convert U.S. dollars to the currency in our country, and after this dip in the Kiwi dollar, the value would have changed. It also relates to the broader concept of our class that is a global economy. What happens in Europe not only affects European countries, but all countries around the world.
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