OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD drops to 7-month lows

FXStreet (Córdoba) - The Kiwi continues to slide against the US dollar and on Friday is falling for the fifth day in a row. After Wall Street opening bell, NZD/USD dropped to 0.8143 reaching the lowest price since February 4, 2014.

Afterwards rebounded and trimmed losses. Currently trades at 0.8160/65, down 0.25% for the day. The recovery from the lows is facing resistance around 0.8160/70.

NZD/USD continues to move in one direction

The pair is about to post the fourth weekly loss in a row and has accelerated the decline. During the last five days lost 150 pips and 700 pips from July highs.

The trend remains bearish and the pair keeps falling despite the fact that technical indicators are showing oversold conditions.

S&P provides Euro with a stimulus; EUR/USD up to 1.2960

The EUR/USD jumped 40 pips in the last minutes from 1.2925 to test 1-week highs at 1.2960 amid the S&P's decision to upgrade Greece rating to B from B- and to maintain its outlook as stable.
Read more Previous

Wall Street lower, EUR recovers

Equities were falling in the US following a mixed close for European markets. Better-than-expected data from the US failed to boost stocks, that are about to end the week with mixed results.
Read more Next
Start livechat