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24 Dec 2014
NZD/USD remain in bearish territory
FXStreet (Guatemala) - NZD/USD is trading at 0.7721, up 0.19% on the day, having posted a daily high at 0.7739 and low at 0.7699.
NZD/USD has remained offered into the closes ahead of Christmas day. It’s the theme around the greenback that is leading the majors and dragging the Kiwi lower that had been supported previously by the NZ trade deficit that narrowed faster than expected in November from NZD -908 million to -213 million (vs. -575mn exp).
But the last run of US data took back those gains when the US GDP surprised in 3Q yesterday by 5% q/q annualized vs. 4.3% consensus and 3.9% previous. US 10-year yields are around 2.25% and towards three-week highs keeping the greenback bid. Below the 21-dma & Ichimoku conversion line (0.7775/76) NZD/USD remains offered into the New Year.
NZD/USD has remained offered into the closes ahead of Christmas day. It’s the theme around the greenback that is leading the majors and dragging the Kiwi lower that had been supported previously by the NZ trade deficit that narrowed faster than expected in November from NZD -908 million to -213 million (vs. -575mn exp).
But the last run of US data took back those gains when the US GDP surprised in 3Q yesterday by 5% q/q annualized vs. 4.3% consensus and 3.9% previous. US 10-year yields are around 2.25% and towards three-week highs keeping the greenback bid. Below the 21-dma & Ichimoku conversion line (0.7775/76) NZD/USD remains offered into the New Year.