NZD/USD: All eyes on .6650 ahead of NZ trade data

NZD/USD: All eyes on .6650 ahead of NZ trade data

24 March 2016, 06:47
Francis Dogbe
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The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report. Despite consistent strength in the greenback each day this week, the world’s reserve currency is still down from its pre-Fed levels of last week, so it’s difficult to draw any conclusions about the sustainability of the current move, especially due to the lower liquidity pre-holiday conditions. In terms of economic data, traders are looking ahead to tomorrow’s releases (including UK retail sales, US durable goods, and ... READ MORE
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