OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD finds support at 0.7780

FXStreet (Córdoba) - Despite risk aversion NZD/USD is trading around the same level it closed yesterday, hovering around 0.7815/20.

During the Asian session the pair rose to 0.7845 (daily high) but failed to hold and pulled back. The area around 0.7780 capped the decline on Asian hours and also during the European session.

NZD/USD sideways

From the lows the pair bounced to the upside and trimmed losses and is moving sideways, without a clear direction. The decline of stocks in Asia and also in Europe did not affect the kiwi so far, that usually is a sensitive currency to market sentiment.

USD/JPY struggles to surpass 110.00 – Westpac

Strategists at Westpac Global Strategy Group regard a breakout of the 110.00 mark as unlikely given the recent failure to sustain gains above it...
Read more Previous

German ten year bund yields shy away from a one-month low

The German ten-year Bund yield has weakened to trade near a one-month low in line with the US and European peers indicating mounting concerns of the German and the global economic slowdown.
Read more Next
Start livechat