Forex - NZD/USD almost unchanged, eyes on Greece 13/11/2012
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Forexpros - The New Zealand dollar was almost unchanged against its U.S. counterpart on Tuesday, as markets were jittery after a highly antcipated euro zone meeting on Monday ended without making any progress on the Greek front.
NZD/USD hit 0.8180 during European morning trade, the daily high; the pair subsequently consolidated at 0.8175, easing up 0.01%.
The pair was likely to find support at 0.8124, the low of November 9 and resistance at 0.8212, the high of October 24.
At a meeting in Brussels on Monday, euro zone finance ministers and the International Monetary Fund failed to agree on a long-term plan to reduce Greece's debt, preventing the disbursement of immediate aid to Athens.
They gave Greece until 2016 to cut the deficit to 2% of gross domestic product, but put off until November 20 a decision on how to cover additional Greek needs of as much as EUR32.6 billion and left unclear whether the IMF will continue to contribute.
The kiwi was higher against the Australian dollar with AUD/NZD slipping 0.15%, to hit 1.2736.
Also Tuesday, the National Australia Bank said in a report that its index of business confidence deteriorated to minus 1 in October, from a reading of zero the previous month.
Later in the day, the U.S. was to release official data on the federal budget balance.
Hello and welcome in a blog breaking news Alfrux
Breaking news Forex currency market, forex market GMT. Forex traders
Urgent and exclusive news about the trade and the latest news currency and
currency rates, explanations profit of Alfrux, SEC
Breaking forex news
Forexpros - The New Zealand dollar was almost unchanged against its U.S. counterpart on Tuesday, as markets were jittery after a highly antcipated euro zone meeting on Monday ended without making any progress on the Greek front.
NZD/USD hit 0.8180 during European morning trade, the daily high; the pair subsequently consolidated at 0.8175, easing up 0.01%.
The pair was likely to find support at 0.8124, the low of November 9 and resistance at 0.8212, the high of October 24.
At a meeting in Brussels on Monday, euro zone finance ministers and the International Monetary Fund failed to agree on a long-term plan to reduce Greece's debt, preventing the disbursement of immediate aid to Athens.
They gave Greece until 2016 to cut the deficit to 2% of gross domestic product, but put off until November 20 a decision on how to cover additional Greek needs of as much as EUR32.6 billion and left unclear whether the IMF will continue to contribute.
The kiwi was higher against the Australian dollar with AUD/NZD slipping 0.15%, to hit 1.2736.
Also Tuesday, the National Australia Bank said in a report that its index of business confidence deteriorated to minus 1 in October, from a reading of zero the previous month.
Later in the day, the U.S. was to release official data on the federal budget balance.
This NZD/USD Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates sourced from over 150 rate ...
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