4 Nov 2014
NZD/USD recovers from 1-year lows
FXStreet (Córdoba) - The kiwi is rising against the US dollar on Tuesday after falling yesterday to 0.7697 (15-month low) and posted the lowest daily close since July 2013.
NZD/USD traded all day so far above 0.7700 and recently printed a fresh daily high at 0.7775. Currently trades at 0.7765, up 0.57% for the day. The recent moved to the upside brought the price back near the level it had at the beginning of the week.
Key data from New Zealand ahead
After today’s US session, the 3Q NZ employment report will be release. The numbers are likely to impact in the kiwi across the board. Analyst expect an increase of 0.6% in employment and a decline in the unemployment rate from 5.6% to 5.4%.
NZD/USD traded all day so far above 0.7700 and recently printed a fresh daily high at 0.7775. Currently trades at 0.7765, up 0.57% for the day. The recent moved to the upside brought the price back near the level it had at the beginning of the week.
Key data from New Zealand ahead
After today’s US session, the 3Q NZ employment report will be release. The numbers are likely to impact in the kiwi across the board. Analyst expect an increase of 0.6% in employment and a decline in the unemployment rate from 5.6% to 5.4%.