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NZD/EURO Transfer

ByDragana My Engine Lab

The New Zealand Dollar (NZD) managed to hold most of last week’s gains post the RBNZ cut of 50 points to 4.25%. Coming off the 0.5570 (1.7950) zone the EUR retreated to 0.5620 (1.7800) before drifting back to consolidate around 0.5585 (1.7900). Further NZD support closed the week at 0.5605 (1.7840). French political carnage has…

FX News

FX Update

ByDirectfx admin

Australia Seasonally adjusted construction figures disappointed Wednesday after numbers showed a declining sector. The total construction for September fall 2.8% for the quarter based on predictions of 0.9% growth. With Melbourne and Sydney house prices dropping recently this follows a trend which could follow through well into 2019. Comments from last week’s RBA minutes concentrated…

AUD/NZD Transfer

ByDragana My Engine Lab

The New Zealand Dollar (NZD) extended through to a fresh yearly high of 0.9445 (1.0585) late Friday against the Australian Dollar (AUD) after reports from the ANZ that more rate hikes were on the way had investors in a mood to buy up NZD. Monday’s open reflected a reversal of fortunes, the kiwi giving back…

NZD/EUR (EUR/NZD) Conversion:

ByDirectfx admin

The New Zealand Dollar (NZD) has pushed lower against the Euro (EUR) over the week on risk aversion and general NZD weakness. Prices reached 0.6160 (1.6240) Thursday before returning to 0.6205 (1.6120) early this morning as equities recovered from early losses. Germany plans to lower the tax on gas to 7% to ease the burden…

AUD/GBP Transfer

ByDragana My Engine Lab

Our predictions were correct with the British Pound (GBP) pushing higher from Tuesday’s 0.5240 (1.9080) to reach 0.5140 (1.9460) in early Friday trading. The lowest level since April 2020. The BoE signalled they are close to reaching a top in this tightening cycle later this year but highlighting further persistent pressures remain with taming inflation,…

AUD/USD Transfer:

ByDirectfx admin

The Australian Dollar (AUD) was unable to hold prices around the 0.6900 area late last week against the US Dollar (USD) slipping to 0.6700 on risk sentiment and a slew of poor data releases. Iron Ore prices added to the heavier tone currently trading around the 110 level. PMI figures were a miss also along…