OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD still weak – Westpac

Coronavirus has continued to dominate headlines. The key uncertainty for the NZ economy is how long the related disruptions to travel and trade persist. NZD/USD is trading at 0.63140 as remains vulnerable in the opinion of analysts at Westpac Institutional Bank.

Key quotes

“NZD/USD remains vulnerable to pandemic-led fall below 0.6300 as nearterm data confirms effects.” 

“Potential for rebound to 0.6600 in Q2 as NZ economic outperformance is recognised and USD weakens on Fed easing prospects.”

 

EUR/USD pointing to further falls

EUR/USD has been paring back its gains amid coronavirus fears. Monday's four-hour chart is pointing to further falls, as FXStreet’s analyst Yohay Elam
Read more Previous

EUR/USD remains on the defensive near 1.0820 post-IFO

The single currency has started the week on a negative mood and is now taking EUR/USD to the 1.0820 region amidst a renewed buying interest in the gre
Read more Next
Start livechat