New Zealand Dollar Declines Amid Weakening European Shares
25 Octubre 2019 - 01:43AM
RTTF2
The New Zealand dollar lost ground against its major
counterparts in early European trading on Friday, as Brexit woes
and a sense of uncertainty over the high-level trade negotiations
between the U.S. and China kept investors nervous.
Hopes faded for a resolution to the Sino-U.S. trade dispute
after U.S. Vice President Mike Pence adopted a hard line in a
speech Thursday laying out President Donald Trump's China policies
and reiterating U.S. support for protesters in Hong Kong.
On the Brexit front, British Prime Minister Boris Johnson said
Thursday he would ask Parliament to vote Monday on a motion calling
a national election for Dec. 12.
European Union is likely to delay a decision on whether to grant
an extension to the Brexit deadline.
After ECB President Mario Draghi defended the use of negative
interest rates in monetary policy during his final press conference
in Frankfurt, investors now await directional cues from the Fed and
BoJ meetings next week.
The currency has been trading lower against its major
counterparts in the Asian session.
Extending its early slide, the kiwi dropped to a weekly low of
0.6356 against the greenback. At yesterday's close, the pair was
worth 0.6383. The kiwi is seen finding support around the 0.62
region.
The kiwi fell to 4-day lows of 1.7491 versus the euro and 69.04
against the yen, from its previous highs of 1.7386 and 69.35,
respectively. The next likely support for the kiwi is seen around
1.77 versus the euro and 67.00 against the yen.
Having risen to 1.0675 against the aussie at 5:00 pm ET, the
kiwi reversed direction and touched a 4-day low of 1.0739. On the
downside, 1.095 is possibly seen as the next support level for the
kiwi.
Looking ahead, the University of Michigan's consumer sentiment
index for October is scheduled for release in the New York
session.
Euro vs NZD (FX:EURNZD)
Gráfica de Divisa
De Feb 2024 a Mar 2024
Euro vs NZD (FX:EURNZD)
Gráfica de Divisa
De Mar 2023 a Mar 2024