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
Archive

FX News

Most recent FX News:

Read more

The NZD holds gains over the AUD.

Written by Sam Coxhead on April 5th, 2012.      0 comments

3:45 PM (NZT) The NZD has spent the week consolidating last week’s move to higher levels against the AUD. The RBA minutes obviously point towards a lower of the cash rate over the coming meetings, and the contraction of the cash rate differentials has eased the way for the NZD outperformance. Key to direction from the current levels will be the employment numbers in Australia next week, and the inflation numbers on the 28th. In the meantime the .8000 (1.2500) level should provide NZD upside boundaries. Expect range trading ahead of the Australian employment number next week.
 
The current interbank midrate is:                                                            NZDAUD .7934                            AUDNZD 1.2604
                                                               
The interbank range so far this week to date has been:                 NZDAUD .7863 - .7947             AUDNZD  1.2583 - 1.2717
 

Comments