Forex: NZD/USD makes daily low at 0.7980
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NZD/USD
FXstreet.com (Barcelona) - NZDUSD is currently trading at 0.7989 having found support following a morning of sharp declines.
USD strengthened following a morning of soft economic data from Europe and NZDUSD failed to hold 0.8 for the third time in as many days. With US markets on holiday today, the ECB's Draghi is scheduled to speak at 13:30 GMT which should give some indication as to risk sentiment for the rest of the day. Last week's low of 0.7968 represents the next target should price break lower this afternoon.
European Equities remain elevated with The DAX currently up 0.53%. Commodities look broadly higher this morning with Gold up 0.11% and Brent crude up 0.07%. Spanish yields are up 17.72% whilst Italian yields are down 0.78%.
USD strengthened following a morning of soft economic data from Europe and NZDUSD failed to hold 0.8 for the third time in as many days. With US markets on holiday today, the ECB's Draghi is scheduled to speak at 13:30 GMT which should give some indication as to risk sentiment for the rest of the day. Last week's low of 0.7968 represents the next target should price break lower this afternoon.
European Equities remain elevated with The DAX currently up 0.53%. Commodities look broadly higher this morning with Gold up 0.11% and Brent crude up 0.07%. Spanish yields are up 17.72% whilst Italian yields are down 0.78%.
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