EURNZD chart

EURNZD chart by TradingView


As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.


EURNZD Looking to Push Even Higher

EURNZD continues to forge higher with a fresh 3-month high within touching distance. And with the Reserve Bank of New Zealand (RBNZ) expected to announce no change in monetary policy later tonight, further highs may be on the horizon.
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