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23 Jan 2015
NZD/USD battles over the 0.75 handle
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7500 with a high of 0.7506 and a low of 0.7480, up 0.14% on the day.
NZD/USD is oscillating around the 0.75 handle, pressured to the downside on the back of diversification of cash flows into the USD and USD denominated assets. The drivers in the greenback stem from global risk factors where investors are becoming squeezed and looking elsewhere for yield and liquidity and away from potential risk.
The Kiwi was offered down from the ECB's decision to launch sovereign QE in March this year, and that sent the markets off again, with the bird falling from 0.7710-0.7550 around the press conference where the decision to print money vs its German oppositions desires was announced. The bird was offered again after a spell of consolidation up to 0.7582 before pressures mounted again down to the lows and onto current prices.
NZD/USD is oscillating around the 0.75 handle, pressured to the downside on the back of diversification of cash flows into the USD and USD denominated assets. The drivers in the greenback stem from global risk factors where investors are becoming squeezed and looking elsewhere for yield and liquidity and away from potential risk.
The Kiwi was offered down from the ECB's decision to launch sovereign QE in March this year, and that sent the markets off again, with the bird falling from 0.7710-0.7550 around the press conference where the decision to print money vs its German oppositions desires was announced. The bird was offered again after a spell of consolidation up to 0.7582 before pressures mounted again down to the lows and onto current prices.