OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD: Remains around 0.8350 after trade balance report

FXstreet.com (Córdoba) - The kiwi finished Monday practically unchanged against the US Dollar after moving sideways around 0.8350. During the European session the NZD/USD rose to 0.8370 reaching the highest price since February 25 but retreated afterwards, falling to 0.8339 (daily low).

Currently trades at 0.8350, unaffected by the trade report, posted a few minutes ago, that showed a surplus of NZD 414 milllion. “The value of exported goods rose $290 million (8.0 percent) to $3.9 billion in February 2013, compared with February 2012”, said the statistics office. According to them the increase was led by a 49% increase in exports to China.

The AUD/NZD posted marginal gains on Monday, but traded most of the day in a range between 1.2500 and 1.2535 and at the moment trades at 1.2519/24.

Cyprus banks to remain closed until Thursday

Cypriot finance minister has ordered all banks in the country to remain closed until Wednesday and just open on Thursday according to sources from Central bank. Banks were expected to open Tuesday March 26th after remaining closed since March 16th.
Read more Previous

Forex: USD/JPY breaks below 94.00 for first time in 3 weeks

USD/JPY is last at 94.21, -0.30% lower for the week so far, off recent fresh 3-week lows at 93.50 printed on the back of FED Bernanke's comments, and despite the run higher in USD and US bonds, taking again 10 year note yields to the 1.9% levels, last at 1.92%. Japan Corporate Services Price Index (CSPI) will be released at 23:50 GMT, while BoJ Kuroda is expected to testify before the Diet, in Tokyo.
Read more Next
Start livechat