13 Mar 2014
NZD/USD reverses, finds support at 0.8515
FXStreet (Córdoba) - The NZD/USD rose sharply following RBNZ decision to raise rates but then bounced sharply to the downside trimming gains and finished hovering around 0.8540.
Recently in New Zealand, the NZ Business PMI for February was released: it stood at 56.2, unchanged for the previous month. The Kiwi was unaffected by the data.
NZD/USD posts highest daily close in 10 months but…
The NZD/USD peaked on Thursday at 0.8604, the highest price since April 2013 but then bounced sharply to the downside, erasing most of the gains that followed the RBNZ decision. Despite posting the highest daily close in 10 months, finished 65 pips below daily highs. Risk aversion surged during Wall Street trading weakening the NZD/USD.
Recently in New Zealand, the NZ Business PMI for February was released: it stood at 56.2, unchanged for the previous month. The Kiwi was unaffected by the data.
NZD/USD posts highest daily close in 10 months but…
The NZD/USD peaked on Thursday at 0.8604, the highest price since April 2013 but then bounced sharply to the downside, erasing most of the gains that followed the RBNZ decision. Despite posting the highest daily close in 10 months, finished 65 pips below daily highs. Risk aversion surged during Wall Street trading weakening the NZD/USD.