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Last modified on November 19th, 2017 10:20 am

When converting New Zealand dollars, NZD to EUR or EUR to NZD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/EUR currency conversion rates.

NZD to EUR Overview: The NZD is regarded as a “growth currency”, and will therefore generally appreciate when the global economic outlook is positive. Whilst he EURO encompasses is a melting pot of countries, its overall performance is heavily driven by the economic fortunes of Germany, and its manufacturing base. Whilst the economies of New Zealand and the Euro zone individually have little in common, the NZD to EUR exchange rate remains a relatively stable one, when compared to others. The EURO will be interesting to watch as it challenges the USD as the global reserve currency.

Historical Ranges: 1 year 5 years 10 years
NZD/EUR .6217 – .6880 .5216 – .7206 .3875 – .7206
EUR/NZD 1.4533 – 1.6086 1.3878 – 1.9172 1.3878 – 2.5820

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         European Central Bank (ECB): -0.30%

NZD/EUR (EUR/NZD)

Click here for NZDEUR charts

This cross has been relatively stable over the week, but New Zealand dollar (NZD) underperformance has seen the NZD drift lower. It is now at 0.5820 against the Euro (EUR) and looks to be forming a base as German political issues are not EUR supportive in the short term. Technical support at 0.5800 should hold going into next week.

NZD/EUR Exchange Rates: 

The current interbank midrate is: NZDEUR 0.5822     EURNZD 1.7173

The interbank range this week has been: NZDEUR 0.5810 – 5966     EURNZD 1.6762 – 1.7213

NZD/EUR (EUR/NZD)

Click here for NZDEUR charts

Impact on this currency pair:

The NZD/EUR is now around 0.5892 after the better Eurozone data. Immediate support at 0.5880 should hold over the next few days. A break of 0.5880 would target 0.8562. Offshore EUR/USD moves will drive this cross. Any spikes over 0.6000 should be taken to transfer New Zealand dollars (NZD) to Euro (EUR).

NZD/EUR Exchange Rates: 

Current Level Support Resistance Last week’s rang
NZD/EURO 0.5884 0.5800 0.6020 0.5879 – 0.6013
EURO/NZD 1.6995 1.6611 1.7241 1.6631 – 1.7009

NZD/EUR

Impact on this currency pair:

Choppy trading on the NZD/EUR cross with a 0.5921-0.6016 range and now around 0.5965 after better inflation news out of the Eurozone overnight. We expect consolidation around current levels as we head into next week. The downside support at 0.5880 should hold over the next few days. On the topside there is strong resistance between 0.6000 and 0.6030 and the pair should struggle on any attempts into that area. Clients looking to transfer New Zealand dollars (NZD) to Euro (EUR) should take advantage of any spikes over 0.6000. Click here to access NZD/EUR currency charts.

NZD/EUR Exchange Rates: 

The current interbank midrate is: NZDEUR 0.5968      EURNZD 1.6757

The interbank range this week has been: NZDEUR 0.5921 – 0.6013      EURNZD 1.6631 – 1.6890

NZD/EUR
Direct FX – NZD to EUR Exchange Rates

EUR/NZD
Direct FX – EUR to NZD Exchange Rates

NZD/EUR

The New Zealand dollar is stronger on this cross, now at 0.5984 and with the Euro looking a little lethargic. We favour a test of upside around the 0.6000 level over the next day or so. There is some key resistance between 0.6000 and 0.6030 and that area will provide a tough initial barrier. A break above there would be a bullish signal, but we don’t expect that to happen ahead of Thursday’s RBNZ interest rate meeting. Click here to access NZD/EUR currency chart.

Current Level Support Resistance Last week’s range
NZD/EURO 0.5978 0.5800 0.6020 0.5862 – 0.5987
EURO/NZD 1.6728 1.6611 1.7241 1.6704 – 1.7059

NZD/EUR

Impact on this currency pair:

The New Zealand dollar is holding steady on this cross at 0.5935 trading sideways, given the pressure on the Euro we look for the NZD/EUR to move toward the .5975 level over the next few days. Click here to access NZD/EUR currency chart.

Exchange Rates:

The current interbank midrate is: NZDEUR 0.5933 EURNZD 1.6856

To access our live interbank midrate widget click here

The interbank range this week has been: NZDEUR 0.5862 – 0.5953 EURNZD 1.6798 – 1.7059

Below are our NZDEUR and EURNZD charts, for the past five trading days.  

NZD/EUR

The New Zealand dollar has held against the Euro, now at 0.5887 although back from the 0.5924 seen yesterday. Fairly directionless at the moment but a break of 0.5860 would open the way to 0.5810, close to the year’s low, so a good level to switch EUR to NZD. Click here to access NZD/EUR currency chart.

Current Level Support Resistance Last week’s range
NZD/EURO 0.5887 0.5800 0.6020 0.5810 – 0.5936
EURO/NZD 0.58121.6987 1.6611 1.7241 1.6847 – 1.7210

NZD/EUR

Impact on this currency pair:

The New Zealand dollar continued to decline against the Euro for much of this week, only reversing last night in the wake of the European Central Bank’s interest rate meeting. The ECB came across more dovish than expected, and that immediately put pressure on the EUR. This helped the cross rate recover sharply off its 0.5810 low to now trade around 0.5870. It’s starting to look like a significant low may now have been put in place at 0.5810 and that would argue that a broader correction higher, and back up over 0.5900, could unfold over the coming week. Those who are looking to convert EUR to NZD should take advantage of the current level, or any near term dips we may see. Click here to access NZD/EUR currency chart.

Exchange Rates:

The current interbank midrate is: NZDEUR 0.5870 EURNZD 1.7036

 

To access our live interbank midrate widget click here

The interbank range this week has been: NZDEUR 0.5810 – 0.5953 EURNZD 1.6798 – 1.7210

Below are our NZDEUR and EURNZD charts, for the past five trading days.

 

NZD/EUR

The EUR rally looks done as markets reassess how the Spanish Catalan referendum will play out and just how negative it will be for the EUR. Now at 0.6130 the NZD on this cross looks favoured and we look for a push on to the 0.6150/70 level especially if dairy auction results are positive. However political uncertainty will keep some check on the NZD. Click here to access NZD/EUR currency chart.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6130 0.5930 0.6170 0.6100 – 0.6151
EURO/NZD 1.6314 1.6207 1.6863 1.6259 – 1.6394

NZD/EUR

Now at 0.6124 as the New Zealand dollar marks time vs the Euro. Election worries affect both parties on this cross but overall we look for the NZD to grind higher towards 0.6150 early next week. Click here to access NZD/EUR currency chart.

Exchange Rates:

The current interbank midrate is:    NZDEUR 0.6122    EURNZD 1.6336

The interbank range this week has been:    NZDEUR 0.6079 – 0.6165    EURNZD 1.6220 – 1.6451

NZD/EUR

The NZD is now at 0.6110 vs the Euro and has continued to slowly drift higher. With some Eurozone data starting to look flat the NZD may have further to go on this cross. Immediate resistance is at 0.6140. Click here to access NZD/EUR currency chart.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6106 0.5930 0.6170 0.6066 – 0.6190
EURO/NZD 1.6377 1.6207 1.6863 1.6155 – 1.6486

NZD/EUR

Now trading around 0.6100 buoyed by better New Zealand dollar performance overnight, election issues aside, we still favour the NZD on this cross as the ECB continues to hold off on stimulus reduction. Click here to access NZD/EUR currency chart.

The current interbank midrate is:    NZDEUR 0.6096    EURNZD 1.6405

The interbank range this week has been:    NZDEUR 0.6066 – 0.6190    EURNZD 1.6155 – 1.6486

NZD to EUR

Now at 0.6064 with the New Zealand dollar is looking a bit tied and flat vs the Euro. There is still no clear direction, but with ECB talking now stimulus reduction pressure looks to the downside. Click here to access NZD/EUR currency chart.

The current interbank midrate is:    NZDEUR 0.6067    EURNZD 1.6482

The interbank range this week has been:    NZDEUR 0.6015 – 0.6122    EURNZD 1.6334 – 1.6624.

NZD/EUR

This pair now trades at 0.6062 with the New Zealand dollar higher after comments from the ECB officials sounding a warning over EUR strength. NZD now has potential to push higher towards 0.6100 in the short term as the EUR moderates further. Click here to access NZD/EUR currency chart.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6045 0.5930 0.6150 0.5992 – 0.6092
EURO/NZD 1.6542 1.6260 1.6863 1.6414 – 1.6688

NZD/EUR

Choppy trading on this cross, with the New Zealand dollar now at 0.6040 after bouncing around in a 0.5993-0.6094 range vs the Euro over the week. Election jitters are likely to push the NZD lower on this cross…look for another visit to the 0.6000 region next week. Click here to access NZD/EUR currency chart.

The current interbank midrate is:    NZDEUR 0.6645    EURNZD 1.5049

The interbank range this week has been:    NZDEUR 0.5992 – 0.6092    EURNZD 1.6414 – 1.6688

The firmer Euro has hit the this cross with the New Zealand dollar at a low 0.5998 on Friday, now back at 0.6020 but look for another probe to the 0.6000 mark and has the potential to move lower to the 0.5970 region.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6020 0.5930 0.6100 0.6010 – 0.6076
EURO/NZD 1.6613 1.6393 1.6863 1.6458 – 1.6640

The New Zealand dollar has weakened back to the 0.6032 level vs the Euro and has been as low as 0.6010 earlier in the week. Given the underlying EUR strength we favour a move to 0.6000 next week with potential to extend into the 0.5970 region.
The current interbank midrate is:    NZDEUR 0.6025    EURNZD 1.6597

The interbank range this week has been:    NZDEUR 0.6010 – 0.6128    EURNZD 1.6318 – 1.6640

The New Zealand dollar has been knocked back against the Euro after the Draghi speech last Friday. It is now at 0.6050 up from a 15 month low at 0.6030 earlier today. It looks steady for the moment but with further upside for the EUR against the USD, look for this cross to test 0.6000 immediate support later in the week. The trend is to the downside and so far there is no signal to the contrary.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6034 0.5930 0.6170 0.6030 – 0.6207
EURO/NZD 1.6572 1.6207 1.6863 1.6110 – 1.6584

The New Zealand dollar is now trading at 0.6118 vs the Euro. The pair has been knocked around by combination of a firmer EUR and weaker NZD this week. A hawkish tone from ECB head Draghi tonight may see the EUR push higher but we are already trading around 14 month highs.
The current interbank midrate is:    NZDEUR 0.6116    EURNZD 1.6351

The interbank range this week has been:    NZDEUR 0.6096 – 0.6242    EURNZD 1.7525 – 1.7793

The New Zealand dollar still holds above 0.6200 EUR, now at 0.6204 but any comments from ECB president Draghi at Jackson Hole may pressure the NZD. Ahead of that, over the next 3 days should hold at current levels 0.6235 should cap upside.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6200 0.6160 0.5755 0.6156 – 0.6250
EURO/NZD 1.6130 1.7377 1.7762 1.6000 – 1.6245

The New Zealand dollar has rallied over the Euro 0.6200 level after the more dovish ECB comments overnight. It is now at 0.6213 and should push on to retest 0.6257 next week.
The current interbank midrate is:    NZDEUR 0.6209    EURNZD 1.6106

The interbank range this week has been:    NZDEUR 0.6156 – 0.6250    EURNZD 1.6000 – 1.6245

The New Zealand dollar opens the week marginally firmer on the Euro as risk-off sentiment increases. Now at 0.6194 with immediate resistance at 0.6205 it is EU data dependent currently and could see a move back to the 0.6160/70 level over the next few days.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6200 0.6160 0.6210 0.6163 – 0.6263
EURO/NZD 1.6128 1.6103 1.6233 1.5966 – 1.6227

The New Zealand dollar has softened considerably against the Euro and is now at 0.6180. The move has mainly been on the back of the RBNZ but better Eurozone data has also helped. Although the trend is firmly to the downside for now, there is support around 0.6160 that has so far contained the weakness. That level also represents the previous low from back in mid-May. Those looking to transfer EUR to NZD should view the current level as good value and we recommend transacting at market.
The current interbank midrate is:    NZDEUR 0.6167    EURNZD 1.6215

The interbank range this week has been:    NZDEUR 0.6163 – 0.6312    EURNZD 1.5843 – 1.6227

The New Zealand dollar opens the week softer against the Euro at 0.6228 after a high of 0.6407 yesterday. The NZD remains vulnerable on this cross and we look for a test of 0.6210 over the next few days.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6225 0.6210 0.6430 0.6226 – 0.6357
EURO/NZD 1.6064 1.5552 1.6103 1.5732 – 1.6061

The Euro has continued to gain ground against the New Zealand dollar on this cross. It is now at 0.6260 after 0.6365 high on Tuesday. The last couple of days have seen consolidation around current levels as softer Eurozone data holds EUR gains, however we look for 0.6200 to be tested next week as EUR strength resumes on this cross. If we do see weakness toward the 0.6200 in the coming days it would provide a good opportunity for those looking to convert EUR to NZD.
The current interbank midrate is:    NZDEUR 0.6256    EURNZD 1.5984

The interbank range this week has been:    NZDEUR 0.6239 – 0.6410    EURNZD 1.5600 – 1.6028

Like most other New Zealand dollar pairings, action in this cross over the past week has really been a by-product of volatility in the wider market. Broad based USD weakness has seen both the NZD and EUR make gains and it’s simply a case that the NZD outperformed during this period volatility. As such I expect that the gains we have seen in the past few days will slowly be unwound. That process looks to have started last night with the cross pulling back from the 0.6437 high to now trade around 0.6410. It could easily drift lower still to the 0.6380 area.
The current interbank midrate is:    NZDEUR 0.6412    EURNZD 1.5596

The interbank range this week has been:    NZDEUR 0.6353 – 0.6437    EURNZD 1.5534 – 1.5741

We have seen mostly sideways price action for this pair over the past week. Both the New Zealand dollar and the Euro have seen periods of strength, and while this has caused some volatility in the cross rate, overall there has been no real direction. The market has been bouncing around the 0.6380 level (1.5674) and at this stage it’s hard to see what will break it out of the increasingly tight range. There is little of significance in terms of data releases from NZ this week, and while the European economic calendar looks a little more interesting, it’s still mostly second tier stuff. If the pair does decide to try and move, there is support down around 0.6210 and resistance up at 0.6430 (resistance 1.6103 and support 15552).

Current Level Support Resistance Last week’s range
NZD/EURO 0.6389 0.6210 0.6430 0.6319 – 0.6406
EURO/NZD 1.5651 1.5552 1.6103 1.5611 – 1.5826

We have seen volatile price action in this paring over the past week, but overall direction has been somewhat lacking. The New Zealand dollar traded to a low of 0.6319 against the EUR in the wake of Tuesday’s soft NZ inflation data, but it bounced quickly and since then both currencies have seen periods of strength. This has meant the cross rate has chopped back and forth around the 0.6470 level with no real direction. If we had to favour one way or the other it would be the NZD downside, as the EUR may well outperform the local currency over the coming days thanks to Europe’s improving economic outlook.
The current interbank midrate is:    NZDEUR 0.6364    EURNZD 1.5712

The interbank range this week has been:    NZDEUR 0.6319 – 0.6430    EURNZD 1.5553 – 1.5826

We have seen some volatile price action in this pairing over the past week or so. That is evidenced by the range of the past week of between 0.6290 and 0.6469. Those highs, set on Friday night, were short lived however and it looks like the risks are all now skewed to the downside, thanks in large part to this morning’s release of soft NZ inflation data. Another test of the 0.6290 low may well be on the cards in the next 24 hours. If tonight’s dairy auction also disappoints then key support around 0.6210 will likely be tested. Later in the week we have the ECB meeting to digest and that is only likely to add to the volatility.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6338 0.6210 0.6450 0.6290 – 0.6469
EURO/NZD 1.5777 1.5504 1.6103 1.5458 – 1.5897

After a very quiet start to the week the New Zealand dollar has seen some significant volatility vs the Euro in the past 48 hours. Support for the NZD seemed to disappear on Wednesday night and this helped push the pair down to its 0.6290 low. Last night however we saw a combination of EUR selling and NZD buying which drove a sharp recovery and pushed the pair up to the week’s high of 0.6469. It’s hard to point a finger at exactly what drove the move as there were not significant releases from either country. If the pair manages to break above resistance around 0.6470 then the next target will be 0.6580. I would expect the NZD to struggle as it approaches that level however.
The current interbank midrate is:    NZDEUR 0.6419    EURNZD 1.5578

The interbank range this week has been:    NZDEUR 0.6290 – 0.6496    EURNZD 1.5458 – 1.5897

We favour the New Zealand dollar lower on this cross at some stage, but for the time being the pair remains very range bound. There are differing views with the ECB as to just when they should ease back on ultra easy monetary policy and such it’s hard to get too excited about Euro strength at the moment. We think an eventual decline will come from some broad based NZD weakness as it’s currently trading at somewhat elevated levels across the board. Until something triggers an NZD correction lower however the 0.6350 to 0.6450 (1.5748 to 1.5504) range will dominate.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6364 0.6350 0.6450 0.6361 – 0.6434
EURO/NZD 1.5714 1.5504 1.5748 1.5541 – 1.5721

Generally the New Zealand dollar has been flat vs the Euro , but last night’s ECB minutes saw the NZD back around 0.6361 , now at 0.6384 may try to push back over 0.6400 but still no clear trend.
The current interbank midrate is:    NZDEUR 0.6384    EURNZD 1.5665

The interbank range this week has been:    NZDEUR 0.6361 – 0.6434    EURNZD 1.5541 – 1.5720

The NZD continues its weaker tone against the Euro from last week, now at 0.6402 with little clear direction. New Zealand fundamentals favour the NZD but any further ECB talk of higher rates will pressure the NZD on this cross.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6400 0.6350 0.6470 0.6364 – 0.6554
EURO/NZD 1.5625 1.5520 1.5748 1.5257 – 1.5712

The New Zealand dollar is also weaker against the Euro after the ECB interest rate comments saw the NZD drop from 0.6564 to 0.6366. It is now at 0.6408 and should consolidate at current levels for the next couple of days.
The current interbank midrate is:    NZDEUR 0.6406    EURNZD 1.5609

The interbank range this week has been:    NZDEUR 0.6364 – 0.6554    EURNZD 1.5257 – 1.5712

The New Zealand dollar is back around the 0.6516 level against the Euro and looks stalled. Given the ECB comments last night we favour the NZD on this cross and look for a move to 0.6570 over the week.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6517 0.6450 0.6570 0.6465 – 0.6525
EURO/NZD 1.5345 1.5220 1.5504 1.5325 – 1.5467

Currently at 0.6484 and the New Zealand dollar remains dominant against the Euro. It traded up to 0.6519 last night but was unable to hold these higher levels. Look for consolidation at current levels as we head towards the RBNZ on Thursday.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6479 0.6450 0.6520 0.6422 – 0.6517
EURO/NZD 1.5434 1.5337 1.5504 1.5344 – 1.5570

The New Zealand dollar has been making consistent gains against the Euro for much of the past month. Although it’s still too early to call an end to this rally, it does seem momentum is waning and it wouldn’t take much of a pull back to turn the picture decidedly more negative. The pair is currently trading at 0.6470 and key support is now close by at 0.6450. A sustained break below that level could be the first signal the uptrend has run its course. I would expect any further attempts toward, or over, the 0.6500 level to find the going very tough.
The current interbank midrate is:    NZDEUR 0.6467    EURNZD 1.5463

The interbank range this week has been:    NZDEUR 0.6401 – 0.6489    EURNZD 1.5412 – 1.5623

The New Zealand dollar continues to strengthen against the EUR. Now back at 0.6445 after a 0.6398 low yesterday.  Resistance is at 0.6462 which should hold ahead of FOMC. If that gets broken then 0.6500 beckons.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6451 0.6375 0.6462 0.6344 – 0.6461
EURO/NZD 1.5501 1.5475 1.5686 1.5478 – 1.5764

The New Zealand dollar continues to climb against the EUR, now at 0.6402, back a little form an overnight high of 0.6422…event risk for tonight but if no ECB upsets look for the NZD to target 0.6450 next week.
The current interbank midrate is:    NZDEUR 0.6394    EURNZD 1.5640

The interbank range this week has been:    NZDEUR 0.6287 – 0.6421    EURNZD 1.5573 – 1.5905

The New Zealand Dollar is holding firm against the EUR, now at 0.6342 with the NZD well supported ahead of the ECB meeting on Thursday, we still look for a push towards 0.6400 later in the week.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6342 0.6300 0.6400 0.6278 – 0.6369
EURO/NZD 1.5769 1.5625 1.5873 1.5701 – 1.5929

The New Zealand dollar has been as high as 0.6371 vs the Euro over the last week. It is currently trading around 0.6301 and should trade sideways ahead of tonight’s US data, support at 0.6260 unlikely to be threatened next week and once US data is out of the way a push towards 0.6400 is possible next week.
The current interbank midrate is:    NZDEUR 0.6301    EURNZD 1.5871

The interbank range this week has been:    NZDEUR 0.6257 – 0.6369    EURNZD 1.5701 – 1.5982

The NZD has reasserted itself on this cross and is now around 0.6333 Euro, the immediate resistance level.  A break of this level would target 0.6400 but unlikely this will be threatened ahead of the US data over the next few days. New initial support is now at 0.6260.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6333 0.6260 0.6400 0.6231 – 0.6338
EURO/NZD 1.5792 1.5625 1.5974 1.5777 – 1.6050

The first half of this week saw the New Zealand dollar outperform the Euro trading from 0.6191 early on Monday to a high of 0.6292 on Wednesday. The NZD has been supported by solid trade balance data and increasing dairy pay-out forecasts but gains in the past couple of days have stalled and it’s not clear whether the pair can continue higher or not. Economic data out of Europe has also been positive and this is helping to underpin the EUR despite the ECB’s insistence on fully implementing its QE programme. If the pair does try to stage another leg higher there is key resistance around 0.6330 and without significant momentum I suspect that will cap any gains over the coming week. Initial downside support is now seen at 0.6240.
The current interbank midrate is:    NZDEUR 0.6258    EURNZD 1.5978

The interbank range this week has been:    NZDEUR 0.6160 – 0.6292    EURNZD 1.5894 – 1.6233

This pair has been as low as 0.6179 over the last 2 days, but the New Zealand dollar is now at 0.6234 on this cross as the Euro weakens over the Greece issue. Next level is 0.6287 but we favour consolidation over the next few days.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6231 0.6175 0.6300 0.6160 – 0.6274
EURO/NZD 1.6050 1.5873 1.6194 1.5939 – 1.6234

The better performing Euro has seen the New Zealand dollar lose ground over the week. Now at 0.6203 with support at 0.6175 likely to be tested early next week.
The current interbank midrate is:    NZDEUR 0.6198    EURNZD 1.6135

The interbank range this week has been:    NZDEUR 0.6190 – 0.6311    EURNZD 1.5846 – 1.6154

The pair continues to look for direction with the New Zealand dollar marginally lower at 0.6271 after better EUR data.  Tonight’s Global Dairy auction overnight could well see a move back to the 0.6300 level and beyond if another gain is seen in the price index.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6265 0.6240 0.6350 0.6262 – 0.6398
EURO/NZD 1.5961 1.5748 1.6025 1.5630 – 1.5968

The New Zealand dollar is now at 0.6291 vs the Euro after a 0.6398 high earlier in the week. There is little clear direction but we favour the NZD, on the grounds of better economic fundamentals, for a move back to the 0.6320/50 early next week.
The current interbank midrate is:    NZDEUR 0.6288    EURNZD 1.5903

The interbank range this week has been:    NZDEUR 0.6246 – 0.6398    EURNZD 1.5630 – 1.6010

It’s all been about the Euro on this cross after the French election result. The New Zealand dollar is now back at 0.6325 as the EUR loses some of the election lustre. It should hold around current levels ahead of the RBNZ statement.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6316 0.6200 0.6350 0.6242 – 0.6375
EURO/NZD 1.5834 1.5748 1.6129 1.5686 – 1.6021

Renewed EUR strength across the board, bolstered by more certain French election results, has seen the New Zealand dollar weaken on this cross. Now around 0.6258, down from 0.6376 earlier in the week.  A good French election result plus better Eurozone data should keep the EUR elevated next week.
The current interbank midrate is:    NZDEUR 0.6267    EURNZD 1.5955

The interbank range this week has been:    NZDEUR 0.6242 – 0.6374    EURNZD 1.5688 – 1.6021

The New Zealand dollar has been knocked as the EUR spiked after the first round of the French election, dropping from 0.6576 to 0.6274. It is now around 0.6347 after a rally overnight and may push back over 0.6400 after the dairy auction results (if positive) and employment data tomorrow.

Current Level Support Resistance Last week’s range
NZD/EURO 0.6341 0.6250 0.6400 0.6274 – 0.6437
EURO/NZD 1.5768 1.5525 1.6000 1.5535 – 1.5938