EURNZD chart

EURNZD chart by TradingView

EUR/NZD

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.


News


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The ECB is sticking to its preset policy course, but with Italy back in the news, any goodwill injected into the Euro from the recent policy decision will likely be neutralized.
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Real Time News


Analyst Picks

Jeremy Wagner, CEWA-M

Jeremy Wagner, CEWA-M Head Forex Trading Instructor

My Picks: USDNOK, EURNOK, EURNZD
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: 2 days - 2 weeks

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