FX News

NZD/EUR Transfer

The New Zealand Dollar (NZD) fought back off the Feb 2022 low of 0.5900 (1.6950) midweek to enter Friday at 0.5945 (1.6820) improving off the back of a slight improvement in risk conditions. News that the Russian President Putin was announcing further mobilisation of forces into Ukraine hasn’t been overly detrimental to the NZD/EUR cross however the EUR was down against other crosses, especially the greenback. ECB’s Guindos also hasn’t helped the EUR after delivering a negative economic judgement of things to come. Huge support seen on the chart at 0.5775 (1.7320) this area should hold for a while.

The current interbank midrate is: NZDEUR 0.5942 EURNZD 1.6829
The interbank range this week has been: NZDEUR 0.5897- 0.5992 EURNZD 1.6688- 1.6955

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