Tag Archives: NZD/USD

Weekly Forex & Interest Rate Outlook

NZD/USD Outlook: Down this week We reached our year-end target of 0.8000 much earlier than expected but

The New Zealand dollar’s small post-election relief bounce last week was quickly swamped by far greater forces from both locally and overseas.

The NZD limped lower on Friday night to end the weekaround 0.7870. After the previous day’s dramatic moves following the RBNZ’s currency ‘speech’,

Bears continue to dominate with the AUD/USD trading at the lowest level since Feb 4 Friday and remaining heavy.

The NZD has severely underperformed its peers over thepast 24-hours. It now sits almost 2% lower relative to theUSD, at 0.7920.

Bears continue to dominate with the AUD/USD trading at the lowest level since Feb 4 and remaining heavy.

Today’s highlights: EURUSD has fallen to test our core target zone at 1.2787/55.

The NZD saw a mild bounce, as commodity currenciesrose off the lows they had made in the week’s first half.

AUD/USD managed an inside day Wednesday with the pair bouncing a little from ahead of Tuesday’s low.

Today’s highlights: EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.

The NZD led the commodity-linked pack lower last night,with NZD/USD weaker by 0.6% to 0.8070 this morning.

AUD/USD continues to work its way towards the 2014 low with fresh 8 month lows Tuesday.