Strong April Rebound For China's Trade Surplus

Early this morning the NZD was hit by headlines from the IMF who commented that the NZD is as much as 20% overvalued although its current accommodative monetary stance is appropriate. And from China we saw a huge jump in the trade balance to $11.4 bln from $0.14 bln previously

Forex: U.S. Dollar Pares Decline From Holiday Trade Despite Rebound In Risk

The U.S. dollar bounced back against most of its major counterparts during the first trading session of 2011, and the greenback may continue to appreciate going into the North American trade as the economic docket is expected to reinforce an improved outlook for future growth.