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Good value buying of CAD with NZ dollars.

Written by Sam Coxhead on June 29th, 2012.      0 comments

3:41 PM (NZT) This week has seen a little further NZD appreciation as the pair washes around at the upper end of the recent range. Even the US dollar resurgence overnight was not enough to help the CAD place any material pressure on the NZD. This all comes in an absence of top tier economic data in NZ. A positive Canadian GDP number tonight may see the momentum change. Current levels offer good value buying of CAD with NZD from a historical perspective.
 
The current interbank midrate is:                                                            NZDCAD .8123                             
                                                               
The interbank range so far this week to date has been:                 NZDCAD .8074 - .8146              
 

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