18 Feb 2015
NZD/USD holds above 0.7500
FXStreet (Córdoba) - NZD/USD is falling modestly on Wednesday ahead of the FOMC minutes, but remains above 0.7500 near February highs.
Consolidates on top of 0.7500
Yesterday the pair climbed to 0.7554 reaching the strongest level since January 22 and then pulled back to finish around 0.7535. Today during the Asian session it peaked at 0.7545 and then retreated but found support at the 0.7500 area.
Currently trades at 0.7525, sligh lower for the day; dropping for the first time after rising on the previous four trading days as the US dollar appreciates versus commodity currencies. Traders are waiting for the FOMC minutes that will be released at 19:00 GMT and could increase volatility in the forex market.
Consolidates on top of 0.7500
Yesterday the pair climbed to 0.7554 reaching the strongest level since January 22 and then pulled back to finish around 0.7535. Today during the Asian session it peaked at 0.7545 and then retreated but found support at the 0.7500 area.
Currently trades at 0.7525, sligh lower for the day; dropping for the first time after rising on the previous four trading days as the US dollar appreciates versus commodity currencies. Traders are waiting for the FOMC minutes that will be released at 19:00 GMT and could increase volatility in the forex market.