NZD/USD almost unchanged in cautious trade
The New Zealand dollar was almost unchanged against its U.S. counterpart in cautious trade on Monday, as markets were still jittery after the Swiss National Bank's surprise policy move last week.
NZD/USD hit 0.7806 during early European trade, the session high; the pair
subsequently consolidated at 0.7796.
The pair was likely to find support at 0.7744, the low of January 16 and resistance at 0.789, the high of January 16. The
greenback remained supported after the SNB abandoned its three-year old
1.20 per euro exchange rate cap in a shock movelast Thursday. The kiwi was higher against the Australian dollar, with AUD/NZD edging down 0.16% to 1.0540. Also
Monday, the Australian Bureau of Statistics reported that new motor
vehicle sales increased by 3.0% in December, after a 0.6% fall the
previous month. Later in the day, New Zealand was to release a report on
business confidence.
The New Zealand dollar was almost unchanged against its U.S. counterpart in cautious trade on Monday, as markets were still jittery after the Swiss National Bank's surprise policy move last week.
NZD/USD hit 0.7806 during early European trade, the session high; the pair
subsequently consolidated at 0.7796.
Dollar remains broadly higher vs. other majors in cautious trade
The dollar continued to trade at 12-year highs against the other major currencies on Tuesday, as tepid Chinese economic growth data failed to boost investor confidence and as markets awaited the European Central Bank's upcoming policy statement on Thursday.
EUR/USD slipped 0.11% to 1.1591, not far from Friday's 11-year lows of 1.1459. The euro showed little reaction to a report showing that the closely watched ZEW index of German economic sentiment rose to an 11-month high of 48.4 in January from 34.9 in December, ahead of forecasts of 40.0.
The report boosted hopes that Germany’s economy, the euro zone’s largest would rebound in 2015 after weakening at the end of last year.
The ZEW survey of euro zone economic sentiment increased to a six-month high of 45.2 from 31.8 in December, beating forecasts of 37.6.
The dollar continued to trade at 12-year highs against the other major currencies on Tuesday, as tepid Chinese economic growth data failed to boost investor confidence and as markets awaited the European Central Bank's upcoming policy statement on Thursday.
EUR/USD slipped 0.11% to 1.1591, not far from Friday's 11-year lows of 1.1459. The euro showed little reaction to a report showing that the closely watched ZEW index of German economic sentiment rose to an 11-month high of 48.4 in January from 34.9 in December, ahead of forecasts of 40.0.
The report boosted hopes that Germany’s economy, the euro zone’s largest would rebound in 2015 after weakening at the end of last year.
The ZEW survey of euro zone economic sentiment increased to a six-month high of 45.2 from 31.8 in December, beating forecasts of 37.6.
USD/JPY climbed 0.74% to a one-week high of 118.45.
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