The euro today fell against the US dollar negating yesterday’s gains as investors sold the single currency given the weak data coming out of the eurozone recently. The EUR/USD currency pair fell amid a lack of significant releases from the euro area, leaving the euro at the greenback’s mercy, which was quite strong and pushed the pair lower. The EUR/USD currency pair today fell from an opening high of 1.1022 to a low of 1.0992 in the early American […]
Read moreThe US dollar is struggling for direction midweek after a wide range of economic data was mixed. The greenback is also seesawing against a myriad of other currencies on uncertainty over phase one of a US-China trade agreement. The buck is looking to extend its gains to close out the year after climbing more than 2% so far in 2019. According to the US Census Bureau, the trade deficit tumbled 6% to $66.5 billion […]
Read moreThe New Zealand dollar did not move far today, either staying flat or rising just a bit against its most-traded rivals. Domestic macroeconomic data was relatively decent but it did not have a material impact on the currency’s performance. Trading is expected to be light ahead of the Thanksgiving holiday in North America. Statistics New Zealand reported that the trade balance logged a deficit of NZ$1.0 billion in October, […]
Read moreThe Australian dollar versus the New Zealand dollar currency pair is still falling, but it also approaches a very important support area. What will happen? Long-term perspective The appreciation that started at the weekly support of 1.0361 after the false piercing that printed the low of 1.0263 ended with a consolidation that failed to continue. The consolidation, which took the shape of a flat limited by the support of 1.0689 and the resistance of 1.0837, allowed a very […]
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