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The NZD approaches six month highs against the CAD

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

5:26 PM (NZT) The NZ dollar has finally seen its moment wane a little, as it approaches six month highs. It reached its peak this week, following the stellar NZ retail sales numbers. However it quickly retreated from the highs, amongst increased concerns about the chances of a successful bond swap in Greece. Further upside from current levels for the NZ dollar will be hard fought. Any clouding of the global recovery, or further concerns over progress in Greece, will see the NZD test the downside against the CAD.
 
The current interbank midrate is:                                                            NZDCAD .8334                              
                                                               
The interbank range so far this week to date has been:                 NZDCAD .8263 - .8372               
 

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