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

The NZ dollar breaks higher against the EURO.

Written by Sam Coxhead on September 28th, 2012.      0 comments

2:35 PM (NZT) Initially the pair spent the week trading a contained range with the .6400 (1.5625) level containing various periods of NZ dollar strength. However, once the pair was driven through that level by some consistent NZ dollar demand, the way was eased for further NZ dollar appreciation. It appears much of the NZD strength is spilling over from a very solid performance against the AUD ahead of next week’s RBA monetary policy meeting. Next week there is an absence of any New Zealand economic data, expect the lead to come predominantly from Europe and in particular, any further developments in Spain. Whilst further NZ dollar appreciation should be harder fought from current levels, expect further resistance to come in at .6500 (1.5385 support).
 
The current interbank midrate is:                                                            NZDEUR .6455                               EURNZD 1.5492
                                                               
The interbank range so far this week to date has been:                 NZDEUR .6335 - .6460                EURNZD 1.5480 – 1.5785
Topics: NZD EUR EURO
 

Comments