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Sideways grind for the NZD against the CAD.

Written by Sam Coxhead on July 6th, 2012.      0 comments

:46 PM (NZT) This pair has seen mostly sideways movement this week as there has been limited economic data in either economy so far this week. Tonight’s data in Canada will be closely followed and will provide a lead as we head into next week. The NZ dollar appreciation seems to have run its course for the time being, and current levels offer good value buying of CAD from a historical perspective. Canadian GDP next Friday will be closely watched and provides the focus for the week for this pairing.
 
The current interbank midrate is:                                                            NZDCAD .8142                              
                                                               
The interbank range so far this week to date has been:                 NZDCAD .8107 - .8187              
 

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