NZD/USD was the top performer this week
The New Zealand dollar tumbled to a two year low on Monday but followed that with a four-day rally. It made NZD/USD the best-performing trade this week, with a 0.98% gain.
Overall, it felt like a volatile week but the overall changes were modest.
![](http://az705044.vo.msecnd.net/20180706/2018-07-06_11-23-15.png)
The New Zealand dollar is an interesting case though. On Monday, it looked to be continuing to break down as it touched the two-year low but then bounced.
![](http://az705044.vo.msecnd.net/20180706/2018-07-06_11-29-19.png)
Still, in a wider look, we see that the recovery this week still doesn't do much to change the overall picture. It's well-inside the drop from last week and with the trade war worsening, there isn't much to be optimistic about.
![](http://az705044.vo.msecnd.net/20180706/2018-07-06_11-31-57.png)