OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD contained ahead of 0.6650

FXStreet (Córdoba) - NZD/USD made a recovery attempt during the European session, but remained capped by the 0.6710 area and turned back lower, posting a marginal new low for the day in recent dealings.

Risk aversion weighs on commodity currencies

Risk-off sentiment is the theme in financial markets, with stocks and commodities under broad pressure following Chinese trade data which showed imports fell sharply in September and raised concerns over the world’s second economy.

A negative opening in Wall Street added pressure to NZD/USD that made a marginal new low for the day at 0.6654 in recent dealings. At time of writing, the pair is trading at 0.6675, down 0.56% on the day. The kiwi is retreating from a 3-month peak scored yesterday at 0.6739, following a 10-day winning streak.

Gold is back in green after rough ride in Europe

Gold prices had a rough European session despite weak China data and European stocks, but have managed to recover losses to trade in green in the early US session.
Read more Previous

EM’s are ready for rate hikes, still it would be gradual – Fed’s Bullard

Fed’s Bullard assured markets today that the emerging market (EM) economies are ready for the liftoff/rate hikes, but maintained that policy tightening would be more gradual in order to safeguard EMs from a potential negative impact.
Read more Next
Start livechat