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 stablises against the US dollar

Written by Sam Coxhead on May 11th, 2012.      0 comments

5:19 PM (NZT) The NZD has been under pressure from the US dollar throughout most of this week. The stablisation of the oil price helped stem further gains for the US dollar. Support remains at .7800 for the time being, but any material return to risk aversion will see this level tested. With the concerns in Europe, the upside for the NZD seems limited for the time being. The better than expected Australian employment numbers yesterday gave the NZD a brief reprieve, but the gains proved unsustainable. Again the bulk of the lead will come from the wider market appetite for risk next week. If the NZ interest rate market can continue its move back to more sustainable higher yields, the NZD will take some level of support from this.
 
The current interbank midrate is:                                                            NZDUSD .7844  
                                                                                         
The interbank range so far this week to date has been:                 NZDUSD .7809 - .7976
 
Topics: US dollar NZD NZ dollar USD
 

Comments