OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD recovers from 1-year lows

FXStreet (Córdoba) - The kiwi is rising against the US dollar on Tuesday after falling yesterday to 0.7697 (15-month low) and posted the lowest daily close since July 2013.

NZD/USD traded all day so far above 0.7700 and recently printed a fresh daily high at 0.7775. Currently trades at 0.7765, up 0.57% for the day. The recent moved to the upside brought the price back near the level it had at the beginning of the week.

Key data from New Zealand ahead

After today’s US session, the 3Q NZ employment report will be release. The numbers are likely to impact in the kiwi across the board. Analyst expect an increase of 0.6% in employment and a decline in the unemployment rate from 5.6% to 5.4%.

European Commission slashes growth and inflation forecasts

According to European Commission's autumn 2014 European Economic Forecast report, the region will continue growing slowly next year in a persistently low inflation environment and amid excessively elevated unemployment.
Read more Previous

Gold sees lackluster trading

Gold has traded flat since the beginning of the European session today as the support from the weak European equities is being countered by a strong US Dollar.
Read more Next
Start livechat