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Trend of the Day: EUR/NZD

By Gregory McLeod, Currency Analyst
24 September 2008 13:58 GMT

EURNZD post 09.22.08

A huge rally in the EUR/USD of over 300 pips did not spill over to other Euro based crosses like the EUR/NZD which posted over a 400 pip move in Monday trading.  EUR/NZD has not suffered the massive correction that its siblings, EURJPY and EUR/USD. Rather it has been in a strong up trend since the beginning of March 2008. Look for this pair to challenge the 2.2000 area in the coming days.

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24 September 2008 13:58 GMT