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 strong YEN has the NZD moving lower.

Written by Sam Coxhead on May 4th, 2012.      0 comments

6:38 PM (NZT) The YEN has put considerable pressure on the NZ dollar throughout the course of this week. The pressure has been two fold with the YEN in demand across the board as risk aversion has increased. Conversely the NZ dollar has had ample supply across the board, which was enhanced by the NZ employment numbers yesterday. The pair does seem to have found some support at the 64.00 level, and this remains the key in the short term. Next week will prove interesting for the short term direction, with the wider risk appetite to be the primary driver. On any bounce the 65.50 offers the first resistance level, that was formerly support on the way down.
 
The current interbank midrate is:                                                            NZDYEN 64.26                              
                                                               
The interbank range so far this week to date has been:                 NZDYEN 64.05 – 66.19              
 

Comments