Euro/New Zealand Dollar (EUR/NZD) Exchange Rate
EUR/NZD Pivot Points
EUR/NZD Latest Updates
New Zealand started planning for a post-Covid-19 economy. Finance Minister Robertson notes the country will require a massive nation-building program of infrastructure
Most foreign travel into the European Union is banned for thirty days as the EU shut its external borders.
New Zealand reported its first case of Covid-19 and calls for the Reserve Bank of New Zealand to cut interest rates are on the rise
Yesterday’s ZEW data disappointed, confirming the German economy, and the Eurozone as a whole, are on a weaker footing that market participants priced into their portfolios.
Economic data released out of New Zealand this morning showed a contraction in the unemployment rate mixed with weak hourly earnings for the fourth quarter of 2019.
While US President Trump and French President Macron announced a truce to allow for negotiations regarding digital taxes and fresh tariffs to continue,
Germany continues to resist calls by the European Central Bank to increase fiscal spending.
Following the release of the New Zealand half-year fiscal and economic update, the New Zealand Dollar came under selling pressure.
Despite the release of a disappointing New Zealand terms of trade index for the third quarter, with a contraction in trade volume grabbing the attention of traders,
Selling pressure on the EUR/NZD has eased as the bullish impact of the surprise Reserve Bank of New Zealand’s decision to keep interest rates unchanged at 1.00% is fading.
Monthly economic indicators by the New Zealand Treasury were released during the Asian trading session and they painted a weak economic picture for the small, export oriented economy.
After China kept its 1-Year and 5-Year Prime Loan Rate unchanged, against a backdrop of expectations
Economic data out of New Zealand showed that its service sector continued to expand in September, but at a slightly slower pace.
EUR/NZD: Is a short-term reversal on the horizon?
The Eurozone economy is slowing down faster than expected as evident in last week’s economic data which came in below expectations.
Get the EUR/NZD Forex signal for October 27, 2016 here.
The EUR/NZD pair fell during the day initially on Thursday, but found support at the 1.65 region and bounced rather significantly.
The EUR/NZD pair fell during the session on Tuesday, slamming into the 1.59 level. With that, it appears that the market is testing a large support region that could influence the longer-term move of this marketplace.
The EUR/NZD pair fell during the session on Friday, as we continue to hang around the 1.58 level. The Euro itself is in trouble overall, but then again so is the New Zealand dollar.
The EUR/NZD pair fell slightly during the session on Friday, but as you can see sits just above the psychologically significant 1.55 handle. This area has been rather supportive lately, as we have been consolidating, but as you can see we have been in a downtrend for some time.