After rising around 85 pips from 0.5740 in the early European morning to reach the 0.5825, fresh 2-weeks high, the NZD/USD is trading above the 0.5800 key level. Currently the pair is trading around 0.5815/25 after rising 0.90% so far today from 0.5775 opening price.
Yesterday, the kiwi won 0.70% against the USD from 0.5733 opening price, reaching 0.5711 as minimum and 0.5787 as maximum, to close the day at 0.5773.
According to the Swiss e Trade Strategy Team, "The Canadian and Australian dollar strengthened recently against the USD and the EUR, reflecting more confidence in a recovering world economy. Is it really recovering? There are more and more signs of that. For instance, commodity prices, especially the industrial ones like copper, iron ore, zinc and tin, recovered, with their future markets going limit up recently, and oil is up as well. Another sign of economic resurrection comes from the world freight market, showing signs of new life, too."
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
This Forex trading order is executed only when the previous order is also executed. This way you can work on other currency orders and not ... -
Forex trading sites offer different account types. Make sure you find the right trading site , and then the job of selecting the account ty... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Gross Domestic Product (GDP) – This measures the total market value of all goods and services that companies make within the country. This ...
No comments:
Post a Comment