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The NZD climbs back against the Australian dollar.

Written by Sam Coxhead on August 24th, 2012.      0 comments

5:46 PM (NZT) This week has seen the NZ dollar outperform the AUD. It has been a case of AUD underperformance as much as anything. The news of retrenching of mining investment seems to have spooked a few Australian dollar investors. The pair close to the recent NZD highs(AUD lows) and its will be interesting to see the move can extend next week. The .7830 (1.2770) level represents further solid resistance to NZD outperformance and this level remains the key in the short term. Private capital expenditure and building approval numbers on Thursday in Australia next week will provide the data focus for this pair.
 
 
The current interbank midrate is:                                                            NZDAUD .7794                            AUDNZD 1.2830
                                                               
The interbank range so far this week to date has been:                 NZDAUD .7721 - .7796             AUDNZD  1.2827 - 1.2951
Topics: NZD AUD
 

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