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Back into familiar territory for the NZD against the CAD.

Written by Sam Coxhead on November 9th, 2012.      0 comments

2:05 PM (NZD) The week initially saw fairly sedate price action for this pair. However, yesterday’s NZ employment numbers put paid to that. The jump in the unemployment rate saw the NZ dollar immediately drop and the pressure has been maintained overnight. There is little in the way of material economic data in either economy next week, so sideways trade can be expected in the absence of wider market risk aversion. If concerns do increase the NZD will see further pressure, with .8100 providing the initial target.
 
The current interbank midrate is:                                                  NZDCAD .8140 
                                                                                         
The interbank range so far this week to date has been:       NZDCAD .8118 - .8242
Topics: cad NZD
 

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