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

Surpise surprise, new records highs for the NZD vs. the EURO!

Written by Sam Coxhead on August 3rd, 2012.      0 comments

6:26 PM (NZT) This week has seen a continuation of the almost relentless appreciation of the NZ dollar against the EURO. Needless to say that new record levels have been reached by the NZ dollar. Interestingly the new highs have been caused by recent NZ demand, as opposed to steady EURO underperformance which has driven the bulk of the recent move. It is hard to see any change to the pressure on the EURO ahead of the next ECB meeting on September 6th. The employment numbers looms large for the NZD next week. In Europe the political positioning will likely provide a driver as support ebbs and flows for the potentially increased role of the ESM.
 
The current interbank midrate is:                                                            NZDEUR .6672                               EURNZD 1.4988
                                                               
The interbank range so far this week to date has been:                 NZDEUR .6570 - .6680                EURNZD 1.4970 – 1.5220
Topics: NZD EURO
 

Comments