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

FX News

Most recent FX News:

Read more

Further consolidation for the NZD EURO pair.

Written by Sam Coxhead on April 27th, 2012.      0 comments

6:11 PM (NZT) This week has seen very contained ranges for this pairing. The news does not improve in the Euro-zone with the somewhat expected down grade of Spain coming from S&P this week. The EURO has been in mainly tight ranges across the board  but seems destined to see a fall in demand at some stage.  Expect the contained ranges to continue early next week, with the NZ employment numbers on Thursday the focus for the NZ economy. In Europe the ECB monetary policy meeting on Thursday will be the key, and high political tensions  can be expected coming into that decision. The periphery are certainly looking for more assistance from the ECB, but with German inflation at perky levels the interests are split.
 
The current interbank midrate is:                                                            NZDEUR .6164                               EURNZD 1.6223
                                                               
The interbank range so far this week to date has been:                 NZDEUR .6135 - .6200                EURNZD 1.6129 – 1.6299
 

Comments