New Zealand Dollar: The Kiwi was un-inspiring in Asia reaching a low of about 0.6960 USD as markets waited for the EU’s assessment on the great Greek tragedy. EU officials pledged to help Greece close it s deficit and impose deeper cuts with the Greek finance minister stating that it was ahead of its scheduled deficit reduction targets. The Kiwi opened offshore trade at 0.7045, around 1.5% above the Asian low of 0.6960 against the US dollar rising as commodities rallied on the back of stronger than expected US data and optimism surrounding Europe. Today the Kiwi opens on its highs near 0.7075 USD with further direction to come on the back of risk sentiment.
- I expect a range today in the NZD/USD rate of 0.7020 to 0.7115
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment