The New Zealand dollar is being hindered by weak emerging market currency perform according to analysts at BNZ. They see the NZD still in oversold territory. Key Quotes: “Last week was incredibly dull from a financial markets perspective, with little new information. Currency movements were muted, with the NZD trading within about a 50pip range and ending flat for the week at just above 0.64.” “The NZD remains in “oversold” territory, with the currency trading sideways against a backdrop of improving fundamentals. The CBA NZ export commodity price index in USD terms has increased for seven consecutive weeks. In SDR terms, it has been an eight week climb, so the movement has nothing to do with currencies. A genuine improvement in NZ’s terms of trade is taking place, driven by a broadly based increase in soft commodity prices, and the NZD has been unresponsive to this development.” “The NZD remains in a consolidation phase with support/resistance defined by 0.62-0.6450.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB speakers: Need to be be careful when reading yield curve – full speech FX Street 3 years The New Zealand dollar is being hindered by weak emerging market currency perform according to analysts at BNZ. They see the NZD still in oversold territory. Key Quotes: "Last week was incredibly dull from a financial markets perspective, with little new information. Currency movements were muted, with the NZD trading within about a 50pip range and ending flat for the week at just above 0.64." "The NZD remains in "oversold" territory, with the currency trading sideways against a backdrop of improving fundamentals. The CBA NZ export commodity price index in USD terms has increased for seven consecutive weeks.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
