24 Mar 2015
AUD/NZD unable to hold above 1.0300
FXStreet (Córdoba) - The AUD/NZD reached fresh record lows on Monday at 1.0217 and the rebound to the upside. Today attempted to recover further but it was unable to hold above 1.0300, as it happened yesterday.
During the European session the pair climbed to 1.0335, hitting the highest since last Thursday but then pulled back and now stands at 1.0280/85 slightly below yesterday’s closing price.
Data ahead
On Tuesday, weak data from China, weakened the aussie in the market, but then, amid risk appetite it managed to recover. Regarding data, in a few hours, at 21:45 GMT, trade balance numbers from New Zealand will be release and then at 01:30 GMT (Wednesday) in Australia, the Financial Stability Review will be publish.
During the European session the pair climbed to 1.0335, hitting the highest since last Thursday but then pulled back and now stands at 1.0280/85 slightly below yesterday’s closing price.
Data ahead
On Tuesday, weak data from China, weakened the aussie in the market, but then, amid risk appetite it managed to recover. Regarding data, in a few hours, at 21:45 GMT, trade balance numbers from New Zealand will be release and then at 01:30 GMT (Wednesday) in Australia, the Financial Stability Review will be publish.