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19 Dec 2013
AUD/NZD fails to hold above 1.0800 and falls to fresh 5-year lows
FXstreet.com (Córdoba) - The AUD/NZD fell to 1.0735 after the release of New Zealand GDP data, hitting a fresh 5-year low and extending the decline that started following the decision of the Federal Reserve to reduce the asset purchase program by $10 billion.
AUD/NZD short-lived recovery
The Aussie rose in yesterday's Asian session with Glenn Stevens, RBA Governor words, and continue with a bullish bias for the rest of the day. Before the FOMC statement the pair was trading above 1.0800 but weakened after peaking at 1.0818 and retreated sharply to new lows under 1.0750.
Currently the pair is rebounding from the lows and trades at 1.0750/70, at the same price level it finished on Wednesday.
AUD/NZD short-lived recovery
The Aussie rose in yesterday's Asian session with Glenn Stevens, RBA Governor words, and continue with a bullish bias for the rest of the day. Before the FOMC statement the pair was trading above 1.0800 but weakened after peaking at 1.0818 and retreated sharply to new lows under 1.0750.
Currently the pair is rebounding from the lows and trades at 1.0750/70, at the same price level it finished on Wednesday.