Forex - NZD/USD higher, eyes on U.S. vote 6-11
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Forexpros - The New Zealand dollar was higher against its U.S. counterpart on Monday, as markets awaited the upcoming U.S. Presidential election, although concerns over the handling of Greece's financial troubles weighed.
NZD/USD hit 0.8275 during European morning trade, the pair's highest since November 2; the pair subsequently consolidated at 0.8273, adding 0.23%.
The pair was likely to find support at 0.8231, the low of November 5 and resistance at 0.8288, the high of November 2.
Investors remained cautious ahead of the start of voting in the U.S. presidential elections, with opinion polls pointing to a tight race between incumbent President Barack Obama and Republican contender Mitt Romney.
Markets were also jittery ahead of Wednesday’s parliamentary vote in Greece on new austerity measures required for Athens to get its next round of international aid.
On Monday, European Union Commissioner for Economic and Monetary Affairs Olli Rehn said the euro zone was on track to make a decision on unlocking Greece’s next installment of financial aid at a meeting of the bloc’s finance ministers next week.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD rising 0.37%, to hit 1.2607.
Also Tuesday, the Reserve Bank of Australia unexpectedly held the benchmark interest rate at 3.25%. Analysts had expected the central bank to cut rates by 0.25%.
Commenting on the decision, RBA Governor Glenn Stevens said that "with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remains appropriate".
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 higher against its U.S. counterpart on Monday, as markets awaited the upcoming U.S. Presidential election, although concerns over the handling of Greece's financial troubles weighed.
NZD/USD hit 0.8275 during European morning trade, the pair's highest since November 2; the pair subsequently consolidated at 0.8273, adding 0.23%.
The pair was likely to find support at 0.8231, the low of November 5 and resistance at 0.8288, the high of November 2.
Investors remained cautious ahead of the start of voting in the U.S. presidential elections, with opinion polls pointing to a tight race between incumbent President Barack Obama and Republican contender Mitt Romney.
Markets were also jittery ahead of Wednesday’s parliamentary vote in Greece on new austerity measures required for Athens to get its next round of international aid.
On Monday, European Union Commissioner for Economic and Monetary Affairs Olli Rehn said the euro zone was on track to make a decision on unlocking Greece’s next installment of financial aid at a meeting of the bloc’s finance ministers next week.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD rising 0.37%, to hit 1.2607.
Also Tuesday, the Reserve Bank of Australia unexpectedly held the benchmark interest rate at 3.25%. Analysts had expected the central bank to cut rates by 0.25%.
Commenting on the decision, RBA Governor Glenn Stevens said that "with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remains appropriate".
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