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New all time highs for the NZ dollar against the EURO

Written by Sam Coxhead on February 17th, 2012.      0 comments

5:25 PM (NZT) The NZ dollar set new all time highs against the EURO this week, following the much better than expected 4th quarter retail sales numbers. The spike higher from the NZD was made easier, by the EURO coming under a little pressure across the board, as progress towards a Greek debt swap became less clear. Expect the NZ dollar to remain in demand against the EURO, in the short term at least. Until there is some kind of conclusion to the concerns over Greek solvency, it will be hard for the EURO to take back much of the recently lost ground. These conditions may continue for some time yet.
 
The current interbank midrate is:                                                            NZDEUR .6374                               EURNZD 1.3580
                                                               
The interbank range so far this week to date has been:                 NZDEUR .6254 - .6411                EURNZD 1.5598 - 1.5989
 

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