0.590
Today
-0.19%
5 Days
-0.92%
1 Month
+0.21%
6 Months
-1.41%
Year to Date
+2.55%
1 Year
+0.32%
Opening Price
0.591Previous Closing Price
0.591The New Zealand Dollar (NZD) is down 0.35%, marginally below 0.5900 against the US Dollar (USD) during the European trading session on Tuesday.
ING’s Francesco Pesole expects the Reserve Bank of New Zealand to raise rates by 25bp to 2.75%, with markets fully pricing the move. He argues that current market pricing for further tightening looks too hawkish unless the RBNZ lifts its rate path significantly.
The NZD/USD pair attracts some sellers following a modest intraday uptick to the 0.5930 region and languishes near the lower end of its daily range during the early European session on Tuesday.
NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday.
NZD/USD trades a little above 0.5900 on Monday, barely changed on the session and around seventy pips beneath the late-August peak that stalled just short of 0.6000.
The NZD/USD is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar weakens amid rising tensions in the Middle East. The pair trades above 0.5900.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The downside prevails as long as 0.5923 is resistance, with 0.5885 and 0.5874 as targets
above 0.5923, look for 0.5941 and 0.5952.
The downside prevails as long as 0.5923 is resistance, with 0.5885 and 0.5874 as targets
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