NZD declines sharply versus major as a magnitude 5.5 hits the naiton at 01.00 GMT

12 June 2011 @ 10:05 pm EDT

Today, the New Zealand has faced a magnitude, pushed down the New Zealand dollar fell to record the lowest level at 0.8138 against the U.S. dollar after Christchurch was struck by a magnitude 5.5, the currency trades at 0.8146 U.S. cents before the earthquake.

On the other hand, oil prices dropped for a second day before the reports that may show slowing economic growth in the U.S. and China, curbing fuel demand in the world's two largest crude consumers.

For more forex information, go to www.ecpulse.com

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