DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

A unexciting weeks trade for the NZDYEN pair.

Written by Sam Coxhead on August 10th, 2012.      0 comments

11:00 AM (NZT) This week has been relatively unexciting for the this pair. The pair opened the week close to the highs, but a little verbal intervention from the NZ Prime Minister John Key about the vulnerability of the NZ dollar chipped away at the recent latent demand. This coupled with yesterdays weak 2nd quarter employment numbers in NZ enabled the YEN to place subtle pressure on the kiwi dollar. The unchanged monetary policy stance from the BOJ was unsurprising, even if there had been late rumours of an increase to the bond purchase program. Current levels represent middle range value and with Europe stablising for the time being, expect further trading within the contained 63.00/6500 range in the short term.
 
The current interbank midrate is:                                                            NZDYEN 63.77                              
                                                               
The interbank range so far this week to date has been:                 NZDYEN 63.50 – 64.51              
Topics: NZD YEN JPY
 

Comments