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Thin markets producing record extremes

Written by Sam Coxhead on December 31st, 2010.      0 comments

8:23 AM (NZT) The incredibly thin markets continue into the last trading day of the year. The NZD saw a record high against the GBP of .5007. The AUD yet again set a new high against the USD at 1.0200 and the Swiss Franc was pushed to new all time highs on multiple cross rates as panic sold position covering provided the boost.

The Pound Sterling saw selling pressure from the month end buying of the EUR/GBP and in the thin markets this put it on the back foot against all currencies.

Strong economic data continues to flow in the US, with a manufacturing index overnight reaching levels not seen in 12years and housing numbers much better than expected.

    Last 24 hours trade
  Current level Low  High
NZD/USD 0.7701 0.7643 0.7726
AUD/USD 1.0150 1.0114 1.0200
NZD/AUD 0.7581 0.7508 0.7605
AUD/NZD 1.3190 1.3149 1.3319
NZD/GBP 0.4988 0.493 0.5007
NZD/EUR 0.5788 0.5819 0.5775
NZD/JPY 62.65 62.39 63.03
NZD/CAD 0.7693 0.7643 0.7723 
 

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