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Limited range for the NZD EUR pairing.

Written by Sam Coxhead on December 14th, 2012.      0 comments

1:01 PM (NZT) This pair has seen a relatively small range this week. Both currencies have seen periods of solid demand, and this has seen the volatility limited when compared to other pairings. The positive structural news coming from Europe could well bode well for the EURO in the start 2013 at least. From here we should see the focus return to the economic fundamentals in Europe. Next week’s business confidence numbers will hopefully improve as expected Europe. The Q3 GDP data provides the final  NZ economic focus for 2012 on Thursday. The momentum seems to have waned a little for the NZ dollar over the last couple of days, so the pressure may come onto the NZD next week.
 
The current interbank midrate is:                                             NZDEUR .6445                      EURNZD 1.5516
                                                                                         
The interbank range so far this week to date has been:  NZDEUR .6444 - .6474       EURNZD 1.5446 – 1.5518
Topics: NZD EUR
 

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