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 NZD goves up some ground against the EURO amid European inspired risk aversion

Written by Sam Coxhead on November 11th, 2011.      0 comments

5:18 PM (NZT) After a stable start to the week the NZD came under some increasing pressure from the EURO. Ironically the pressure came as the European debt issues again escalated and the wider market risk aversion increased. The pair is now back at the crucial level of .5700 (1.7545 resistance), and a consolidated move through this level , opens up the way for further NZD weakness. Next week the lead will again predominantly come from the events in Europe, but retail sales numbers in NZ on Monday will also be closely watched.
 
The current interbank midrate is:                                                            NZDEUR .5710                               EURNZD 1.7513
                                                               
The interbank range so far this week to date has been:                 NZDEUR .5695 - .5792                EURNZD 1.7265 – 1.1.7559
 

Comments