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9 Sep 2014
NZD/USD rebounds after falling to 7-month lows
FXStreet (Córdoba) - After Wall Street opening bell NZD/USD accelerated to the downside and fell to 0.8230, reaching the lowest price since February 7. Then rebounded to the upside trimming losses. Currently trades at 0.8250, less than 20 pips below the price it close yesterday.
The pair continues to move with a clear downside bias ahead of a key event and under pressure as the USD holds strength in the market. On Wednesday at 21:00 GMT the Reserve Bank of New Zealand will announced its decision on monetary policy.
AUD/NZD reversing
Despite hitting fresh lows versus the US dollar, the kiwi continues to recover against the aussie for the second day in a row. AUD/NZD dropped more than 50 pips in the last two hours, after breaking 1.1200. Bottomed at 1.1154, the lowest price in almost a week. On Friday the pair reached at 1.1295, level not seen since November 2013.
The pair continues to move with a clear downside bias ahead of a key event and under pressure as the USD holds strength in the market. On Wednesday at 21:00 GMT the Reserve Bank of New Zealand will announced its decision on monetary policy.
AUD/NZD reversing
Despite hitting fresh lows versus the US dollar, the kiwi continues to recover against the aussie for the second day in a row. AUD/NZD dropped more than 50 pips in the last two hours, after breaking 1.1200. Bottomed at 1.1154, the lowest price in almost a week. On Friday the pair reached at 1.1295, level not seen since November 2013.